$FTT USDT – MASSIVE SPIKE, BUT IS IT A FAKEOUT OR NEW TREND?
PRICE SKYROCKETS FROM $0.8978 TO $1.300
HEAVY SELLING PRESSURE EMERGES AFTER PARABOLIC MOVE
$FTT USDT just exploded from a tight consolidation range and touched a high of $1.300 before quickly pulling back to $1.0615. The chart shows a vertical move followed by a strong red candle, signaling high volatility and possible profit-taking. Price is still holding above all EMAs, which are now sharply aligned upward, but caution is warranted.
A retest near $1.00–$1.02 could act as a support for bulls aiming for a second leg up — but failure to hold that zone could trigger a deeper correction.
Speculative Long Trade Setup
Entry: 1.010 – 1.060
Stop Loss: Below 0.960
Target 1: 1.145
Target 2: 1.240
Target 3: 1.300
Only trade with reduced position size due to extreme volatility. Wait for stabilization before entry — and do not chase green candles.
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