$FTT
/USDT Technical Analysis & Trade Signal
Current Price: $3.61 (up +10.79% in 24h)
Technical Indicators:
Trend: Bullish (Recent 10.79% gain shows upward momentum)
Support Level: $3.24 (24h low)
Resistance Level: $3.88 (24h high)
RSI (Relative Strength Index): Likely to be above 50, indicating bullish momentum but watch for potential overbought conditions as price approaches resistance.
Moving Averages: The short-term moving averages might be above the long-term averages, supporting the bullish trend.
Trade Signal:
Trade Type: Buy (due to the current uptrend and strong volume)
Entry Point: $3.61 (current price)
Stop Loss: $3.24 (below 24h low for risk management)
Target Levels:
1. Target 1: $3.74 (next resistance level)
2. Target 2: $3.80 (mid-range resistance before major hurdle at $3.88)
3. Target 3: $3.90 (strong resistance level, could face selling pressure here)
Trade Momentum:
Bullish Momentum: Strong upward price movement with decent volume in the past 24 hours, indicating continued bullish sentiment.
Caution: Keep an eye on the RSI to avoid entering during overbought conditions. The price is nearing resistance levels, so a break above $3.88 could lead to further gains.
Monitor the market and adjust your strategy based on price action around the key levels.
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