$FTT /USDT Trading Update
Current Price: $2.1641 📉
🔵 Analysis Overview:
Resistance Level: $2.7489. This was the highest point reached in the last 24 hours, indicating a strong sell-off as prices approached this level.
Support Level: $2.1300. Prices dipped to this point, which acted as a cushion, preventing further decline.
📊 Entry Strategy:
Long Trade: If the price moves above $2.1641 and shows momentum, consider entering a long position with the target set at $2.3, near the previous minor resistance.
Short Trade: Consider a short position if the price falls below the current support at $2.1300. Target the next psychological level around $2.1.
⚠️ Stop Loss Levels:
For a long trade, place a stop loss just below $2.13 to minimize potential downside.
For a short trade, set a stop loss around $2.17 to cap the risk if the price reverses upwards.
💡 Takeaway: Keep a close eye on these critical thresholds! A break above or below can signal significant moves. Stay alert, and trade smart! 🚀
