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.
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