$FTT
/USDT Technical Analysis & Trade Signal💯🚀🔥🔥🔥🔥🔥🔥🔥💯
Overview:
Current Price: 3.5884 USDT
24h Change: +5.62%
The FTT/USDT pair has shown bullish momentum, currently trading near its daily high. This price increase suggests that buyers are in control, especially after breaking key resistance levels.
Key Support & Resistance Levels:
Support Level: 3.2300 USDT (Recent 24h Low)
Resistance Level: 3.6000 USDT (Recent 24h High)
Trade Signal:
Bullish Trade:
Given the current upward momentum, the market shows a tendency to break through the resistance zone. A long position is suggested after confirming a break above the resistance at 3.6000 USDT.
Target Levels:
1. Target 1: 3.6500 USDT (Slight resistance point)
2. Target 2: 3.7500 USDT (Next resistance zone)
3. Target 3: 3.9000 USDT (Potential higher resistance level)
Trade Momentum:
The momentum remains strong in the short term, supported by a daily positive change. A break above the resistance of 3.6000 USDT will likely continue the upward trend, pushing towards the first target.
Stop Loss:
Consider placing a stop loss around 3.3500 USDT, below the recent support to manage risk.
Always ensure proper risk management and adjust based on market changes.