$FTT /USDT Technical Analysis & Trade Signal🎯🎯🎯🚀🚀
Current Price: $2.8481
24h High: $3.3400
24h Low: $2.5356
Trend: Bullish Momentum (with +11.19% gain)
Key Levels
1. Support Level: $2.5356
2. Resistance Level: $3.3400
3. SAR Level: $2.9215 (Possible trend reversal point)
Technical Indicators:
RSI: 65 (Near Overbought) – indicates strong bullish momentum, but caution is advised as the market may be close to a correction.
MACD: Positive divergence with a bullish crossover, indicating upward momentum.
Moving Averages: The price is above the 50 MA, signaling a bullish trend.
Trade Signal:
Buy: Consider entering a long position around $2.85, with confirmation from a break above $2.92.
Target Levels 🎯:
1. First Target: $3.10 (Immediate Resistance Level)
2. Second Target: $3.25 (Next Resistance Zone)
3. Third Target: $3.40 (24h High)
Stop Loss:
Place a stop loss around $2.55 to manage risk in case of downward movement.
Trade Momentum:
The market is currently showing a strong upward trend. If the price holds above the SAR level ($2.92), momentum should continue towards the first target. However, watch for signs of a reversal at resistance zones, especially if RSI reaches overbought conditions.