$FTT Cooling Off After Spike – Will Bulls Regain Control or Fade Away?
FTT is trading at $1.0321, up over 12% in the past 24 hours after an aggressive pump to $1.30. The move triggered heavy volume, but price has since retraced and is now testing support. A decisive break in either direction will likely dictate the next leg.
Key Levels to Watch
• Resistance: $1.0900 – A breakout above this level could push price toward $1.1800 and $1.3000
• Support: $1.0200 – A break below may lead to a decline toward $0.9750 and $0.9250
Trade Setup
Bullish Scenario
• Entry trigger: Break and close above $1.0900
• Target 1: $1.1800
• Target 2: $1.3000
Bearish Scenario
• Entry trigger: Drop below $1.0200
• Target 1: $0.9750
• Target 2: $0.9250
FTT’s volatility spike has set the tone. Current consolidation could either become a launchpad for continuation or signal exhaustion. Monitor volume and structure closely.