🚨$FTT /USDT - A BULLISH BREAKOUT ON THE HORIZON?🚀

Overview

The FTT/USDT pair has been consolidating for the past few days, forming a symmetrical triangle pattern. This pattern typically indicates indecision among traders, but a recent breakout above the upper trendline suggests that bulls might be taking control.

Trade Scenarios

* Bullish Scenario: If the price breaks above the recent high of $3.02, it could signal a continuation of the uptrend. Traders could consider a long position with a target of $3.20 and a stop-loss at $2.80.

* Bearish Scenario: A break below the lower trendline of the triangle could signal a return to the downtrend. Traders could consider a short position with a target of $2.70 and a stop-loss at $3.05.

Market Outlook

The overall sentiment for FTT/USDT is cautiously bullish. The recent breakout above the triangle pattern suggests that bulls might be gaining momentum. However, it's important to monitor the broader market conditions and any news related to FTX for potential impact on the price