This $FTT/USDT trade idea outlines a classic reversal-bounce play from a key support, backed by bullish price action and favorable volume dynamics.
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Quick Trade Breakdown:
Current Price: $1.0755
Entry Zone: $1.065 – $1.080
Stop Loss: $1.035 (Risk: ~3–4%)
Targets:
TP1: $1.095 (~+1.4% to +2.8%)
TP2: $1.120 (~+3.7% to +5.2%)
TP3: $1.150 (~+6.5% to +8%)
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Technical Insights:
Bullish Engulfing Candle: A strong reversal signal after a dip = momentum building.
Volume Clue: If price breaks above $1.09 with volume, expect rapid move to $1.12–$1.15.
Liquidity Hunt: Many stops likely lie just above $1.10—ideal zone for a short squeeze.
Support Zone: $1.035–$1.04 is holding firm, indicating buyers stepping in.
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Risk-Reward Assessment:
R:R Ratio: Between 1:1.5 and 1:2.7 depending on TP.
Scalp to Swing Friendly: TP1 could be quick, TP3 is stretch target on strong volume continuation.