$FTT FTT/USDT: Plummeting -16.15%, Testing Support Levels šØ
FTT has taken a sharp dive, now trading at $2.3082, reflecting a steep -16.15% decline in the last 24 hours. The price dropped to a low of $2.2101, sparking concern among traders.
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š Key Levels to Watch:
Immediate Support: $2.21 ā Critical for a potential rebound.
Resistance Zone: $2.47-$2.60 ā Bulls must break this range for recovery.
š Indicators:
Parabolic SAR: Positioned above, signaling ongoing bearish momentum.
Volume: Increased sell-offs hint at heightened bearish activity.
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š” Trading Tips:
Short-Term Traders: If $2.21 fails to hold, watch for continuation toward $2.00. Use a tight stop-loss for risk control.
Reversal Hunters: Wait for confirmation above $2.35 before entering a long position.
ā ļø Risk Management:
Exercise caution as the market remains volatile.
Monitor broader crypto trends to gauge potential reversals.
Stay prepared and trade wisely!
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