๐ $FTT /USDT - Downtrend Alert! ๐
Current Price: $3.2771 (-6.53%)
24H High: $3.5338
24H Low: $3.2602
24H Volume: 6.42M FTT
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๐จ Market Insights
$FTT is under selling pressure, breaking below key levels, and signaling a continuation of the bearish trend. Short-term rebounds could offer opportunities for traders, but caution is advised as the downtrend intensifies.
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๐ Critical Levels to Watch
Resistance Zones:
$3.35โ$3.40: Minor resistance for possible short-term recovery.
$3.50โ$3.55: Strong resistance, unlikely to break in the current downtrend.
Support Zones:
$3.20โ$3.25: Immediate support zone to monitor.
$3.00โ$3.10: Potential next level if selling pressure persists.
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Short Trade Setup ๐ก
๐ฏ Entry (Short): $3.30โ$3.35
๐ Stop Loss: $3.55
๐ Take Profit Levels:
TP1: $3.20
TP2: $3.10
TP3: $3.00
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๐ Technical Indicators
MACD: Bearish momentum strengthening, with increased selling volume.
Trend: Lower highs and lower lows signal a clear bearish structure.
Volume: Declining, suggesting weaker buyer interest.
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โ ๏ธ Pro Tip: Manage your risk carefully in this volatile market. Use tight stop-loss orders and monitor support levels for potential rebounds.
๐ฌ Are you shorting $FTT, or do you see a rebound opportunity? Let us know your strategy!
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