$FTT

🚀 FTT/USDT Technical Analysis – What’s Next for FTX Token? 🚀

The FTT/USDT pair is currently trading at $3.8350, and traders are keeping a close eye on this level as it may set the tone for the next price move. Let’s break down the key levels and potential strategies to consider.

📊 Support Zone: The $3.60–$3.80 range has acted as solid support, with price bouncing off this area recently. If the price revisits this support zone, it could present a buying opportunity for bulls looking for a potential rebound.

🔺 Resistance Zone: Immediate resistance is at $4.00, with a stronger level around $4.20. A breakout above $4.00 could open the door for a move toward $4.50 and potentially higher.

🎯 Entry Strategy:

For Bulls: Watch for a confirmed breakout above $4.00, ideally with increased volume supporting the move. You can enter with a stop-loss just below $3.60 to manage risk.

For Bears: Keep an eye on potential rejection near $4.00 or a breakdown below $3.60 to consider shorting opportunities. A drop below $3.60 could lead to further downside, with the next support level around $3.20.

⚠️ Market Sentiment: FTT/USDT is currently consolidating within a tight range, suggesting that a significant move could be on the horizon. Traders should stay alert and be prepared to react based on how the price behaves around key levels.

📈 Will FTT break through resistance, or will the bears take control? Be ready, plan your trades, and manage your risk!

What’s your outlook on FTT/USDT? Share your analysis and strategies in the comments below! 🔥

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