$FTT
USDT – DEAD CAT BOUNCE? BEARISH REVERSAL BREWING
WEAK FOLLOW-UP AFTER SPIKE
BULLS FAIL TO HOLD ABOVE $1.30
FTT surged from $0.8978 to $1.30 in a single candle, but immediate rejection followed. Price is now consolidating around $1.11 with lower highs forming – a sign of fading bullish strength.
Short Entry: $1.1130
Target 1: $1.0450
Target 2: $0.9600
Stop Loss: $1.1850
Low volume on recovery attempts suggests this move was speculative. Unless bulls reclaim $1.20+, risk leans to the downside.
Wait for confirmation and manage risk strictly.
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