$FTT

šŸ“Š FTT/USDT Analysis ā€“ Current Price: $2.8660 šŸš€

FTT/USDT is currently navigating a crucial phase, with potential opportunities on the horizon. Letā€™s break down the key levels and strategy to make the most of this trade:

šŸ”¹ Key Support: The immediate support level is at $2.80. This area has shown resilience in the past, acting as a solid foundation for potential upward movement.

šŸ”¹ Resistance Zone: The major resistance lies at $3.00. A break and close above this level could unlock further bullish momentum toward $3.20 and higher.

šŸ”‘ Entry Strategy:

Bullish Entry: Watch for a potential pullback to $2.80-$2.85, followed by a bounce with increasing volume. A solid confirmation of upward movement could be your cue to enter.

Target Levels: First target is $3.00, with the next significant resistance around $3.20. If momentum remains strong, consider higher targets.

Stop-Loss: Keep a tight stop just below $2.80 to minimize risk.

āš ļø Risk Management: Stick to a risk-reward ratio of at least 3:1. Never risk more than 2-3% of your portfolio on a single trade.

šŸš€ Momentum Insight: Watch for volume spikes and 4H candle closes above $3.00. A break above this resistance would signal further upside, possibly towards the next resistance at $3.20.

FTT is at a critical junctureā€”capitalize on potential moves while adhering to a disciplined trading approach! šŸ“ˆšŸ”„

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