$FTT USDT BULLISH BREAKOUT SETUP
The recent price action shows strong momentum with a sharp move upward, backed by a significant 20% gain in the last 24 hours. Price has surged above key moving averages, with MA(7) > MA(25) and staying well above the longer-term MA(99), confirming short-term bullish strength. The breakout above resistance levels indicates buyers are in control.
ENTRY (LONG): On retest around support zone near 0.94 ā 1.00 range.
TARGETS (TP):
TP1: 1.14
TP2: 1.22
TP3: 1.24
STOP LOSS (SL): Below 0.87 support zone.
RISK MANAGEMENT: Allocate only 2ā3% of capital per trade. Adjust position size according to SL distance. Protect profits by trailing stop once TP1 is reached.
Would you like me to also prepare a bearish alternate scenario in case the setup fails, so you have both sides covered?
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