$FTT 🌪️
$FTT surging with 6.0x buy volume spike, can it sustain?
- I expect the price to RISE further, provided the current momentum holds and price stays above the 0.2523–0.2469 zone. This volume spike usually means smart money is active, and there’s a high probability we’ll see a continuation upwards after a healthy pullback.
- Example trade: Wait for a retracement into the 0.2523–0.2469 area. If you see bullish confirmation like a lower timeframe reversal (e.g., 5m bullish engulfing, pin bar, or strong bounce), consider a long entry.
- Entry: 0.2530–0.2470 zone (wait for confirmation, do not enter blindly!)
- Take profit 1: 0.2628
- Take profit 2: 0.2650
- Take profit 3: 0.2709
- Place stop-loss below the most recent swing low after confirmation (somewhere under 0.2442) or where price structure breaks down.
- If price impulsively breaks below 0.2442 and closes there, reconsider longs and wait for a new setup.
- If price breaks and closes above 0.2628 with high volume, look for continuation setups to 0.2709 and even 0.2796, but always wait for confirmation candles (not just raw breakout).
📝 This is not investment advice, just an educational report. Trade safely and always wait for confirmation before entering on major volume spikes! 🚀
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