$FTT /USDT – Speculation Surges Despite Fundamentals 📈
FTT just posted a sharp +5.3% breakout candle, attracting renewed trader interest. While the underlying exchange remains defunct, price action tells a different story.
🔹 Current Price: 1.1504 USDT
🔸 Key Moving Averages:
• MA20: 0.9325 ✅ Broken
• MA50: 0.9048 ✅ Flipped to support
• MA200: 0.8330 ✅ Momentum shift confirmed
🎯 Targets:
1️⃣ 1.4000 – Local resistance
2️⃣ 1.8000 – Psychological level
3️⃣ 2.4000 – Major breakdown zone (Nov 2024)
🛑 Stop-Loss: Below 0.9000 USDT (Risk Management Essential)
Why Monitor $FTT?
• Short-term momentum play ⚡
• Zombie token narrative in play 🧟♂️
• Speculative liquidity rotation 💸
⚠️ Disclaimer: FTT is linked to a collapsed exchange. No strong fundamentals – this is a high-risk, purely speculative setup. Trade with caution.
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