FTT/USDT – Potential Short Setup Post-Parabolic Rally
Current Price: $1.0874
24H Range: $1.2500 / $0.9461
Technical Outlook:
FTT has broken below key local support after a sharp vertical move to $1.25. Price action is now forming lower highs with fading volume — indicating momentum exhaustion.
Short Setup:
Entry Zone: $1.0900 – $1.1100 (ideal retest area)
Take Profit Targets:
TP1: $1.0300
TP2: $0.9800
TP3: $0.9400
Stop Loss: $1.1600
Strategy Note:
Watch for bearish rejection around the $1.10 level. If price fails to reclaim $1.12 on retest, short positions become favorable.
Risk Management:
Volatility remains high — manage positions with tight SLs.