and trade signals for $FTT
/USDT:
Technical Analysis:
Current Price: $3.7060 (up by +12.38%)
Trend: Bullish momentum in the short term, driven by a recent price increase.
Support Level: $3.2300 (24h low)
Resistance Level: $3.8841 (24h high)
Moving Averages:
MA (5): 818,450.03
MA (10): 569,960.23 (indicating strong short-term bullish sentiment)
Trade Signals:
Buy Signal: If the price holds above $3.70 and breaks the resistance at $3.8841, momentum suggests a continuation upwards.
Sell Signal: If the price drops below the support at $3.2300, it may indicate a reversal or consolidation phase.
Price Targets 🎯:
1. First Target: $3.85 (near 24h high, key resistance level)
2. Second Target: $4.00 (psychological resistance, potential for further momentum)
3. Third Target: $4.20 (potential upper resistance zone based on previous price action)
Trade Momentum:
Strong Bullish Momentum above $3.70 with potential for further upside.
Watch for volume spikes to confirm continuation.
Risk Management: Set stop loss around $3.23 to manage downside risk.
Always consider market conditions and your risk tolerance before trading.
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