$FTT overall trend remains bullish as long as the price sustains above key moving averages. Traders should watch for a breakout above $3.85 or a pullback toward support levels to identify potential trading opportunities.
A break above $3.85 could pave the way for a test of $4.40. However, rejection from this level may trigger a pullback to the $3.50-$3.32 support zone.
Support Levels:
$3.32 (recent low)
$3.26 (psychological support)
Resistance Levels:
$3.85 (immediate resistance; candlewick rejection observed).
$4.40 (24-hour high, major resistance).
Trading Strategy
For Long Positions:
Entry: On a breakout above $3.85 with strong volume.
Target: $4.00–$4.40.
Stop Loss: $3.32 to manage downside risk.
For Short Positions:
Entry: If the price fails to break $3.85 and shows rejection patterns.
Target: $3.50–$3.32.
Stop Loss: $4.00 to cap losses.
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