$FTT
/USDT BEARISH REVERSAL TRIGGERED – SHORT NOW BEFORE THE DUMP DEEPENS!
FTT recently experienced a strong bullish spike, pushing up to the $1.25 range. However, the price failed to sustain the breakout and faced immediate rejection, forming a classic bearish wick pattern on the 30-minute chart. With momentum fading and price now rejecting the $1.16 zone, sellers are likely to take over from here.
Trade Setup:
Short Entry: $1.1540 – $1.1560
Take Profit (TP): $1.02 / $0.965
Stop Loss (SL): $1.217
Outlook:
The price action suggests a potential bull trap with the sharp wick signaling a likely breakdown. A rejection from the recent highs combined with a weak retest offers a solid short opportunity. Watch for volume drop and bearish engulfing candles to confirm continuation. Manage risk tightly.
Command: Catch the rejection wave early — enter smart, exit richer.
