$FTT /USDT TECHNICAL ANALYSIS: BEARISH SIGNS EMERGING NEAR KEY RESISTANCE

Current Price: 0.9330 USDT

24h High: 0.9850 USDT

24h Low: 0.9121 USDT

Key Levels:

Resistance: 0.9850 (24h High), EMA(99) at 0.9464

Support: 0.9121 (24h Low), Psychological support near 0.9200

EMA Analysis:

EMA(7): 0.9399 (Price currently below this)

EMA(25): 0.9448

EMA(99): 0.9464

Price is trading slightly below all three key EMAs, indicating potential bearish momentum.

Technical Indicators Summary:

Price action is testing resistance near EMAs but failing to break decisively above, signaling possible rejection.

Volume is moderate (2.07M FTT), no surge indicating strong buying pressure.

MACD (not fully visible) likely showing bearish crossover given price action under EMA.

Trade Setup:

Bearish Bias — Potential Short Opportunity

Entry: Short around current price 0.9330 to 0.9400 (if price fails to break above EMA99 0.9464 convincingly)

Stop Loss (SL): Above 0.9500 (above EMA99 and recent resistance)

Take Profit (TP):

TP1: 0.9200 (recent support)

TP2: 0.9120 (24h low)

Risk Management:

Risk no more than 1-2% of your capital per trade.

Use tight SL above resistance to limit loss.

Monitor volume and price action for any sudden bullish breakouts to adjust stop loss accordingly.

Summary:

$FTT/USDT is showing signs of bearish pressure after failing to sustain above key EMA resistances. Short-term traders can consider short positions near 0.9330-0.9400 with targets near 0.9200 and 0.9120, keeping stops tight above 0.9500. Watch for any breakout above EMA99 to invalidate bearish setup.

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