Technical Analysis for FTT/USDT:

Current Price: $3.3066

Trend: The price is currently showing an uptrend, having gained +11.55% over the past 24 hours.

Support Levels:

$2.9109 (24h Low)

$3.2552 (Key Support Zone)

Resistance Levels:

$3.5700 (24h High)

$3.4000 (SAR Indicator)

Momentum: The market momentum is bullish, as indicated by the positive percentage change (+11.55%). The moving average convergence divergence (MACD) and other momentum indicators would likely confirm a continuation of the upward trend if they remain positive.

Trade Signal:

Buy Signal:

Entry: Around $3.3066

Stop Loss: Set below $3.2552 (next support level) at $3.2300 to protect against a breakdown.

Target Levels 🎯:

1. First Target: $3.4000 (SAR level)

A short-term resistance level. Price might face some selling pressure here.

2. Second Target: $3.5700 (24h High)

A key resistance level; if broken, it could lead to further upward momentum.

3. Third Target: $3.6500

A possible extended target if the uptrend continues, based on the bullish momentum and resistance breakouts.

Trade Momentum:

The momentum is bullish with strong buying activity in the market, as indicated by the +11.55% price increase over 24 hours. If the price breaks the $3.4000 resistance, it could continue upward towards the $3.5700 level, and beyond, driven by positive sentiment and volume.

Caution: If the price falls below $3.2552, there could be a reversal, and a sell signal might emerge. Keep an eye on the support levels and broader market sentiment.

#ChristmasMarketAnalysis #USUALAnalysis #BinanceAlphaAlert #BinanceLaunchpoolBIO

$FTT