Mila Rose
--
Bearish
$FTT
/USDT Technical Analysis: and trade setup 🎯🚀
Current Price: $3.22
24h High: $3.5273
24h Low: $3.1500
Price Trend: The price has shown a downtrend in the last 24 hours, currently down by 3.42%. It’s trading near its 24h low.
Support Level: The 24h low at $3.15 can act as a short-term support level. If the price continues downward, $3.00 may act as a stronger support zone.
Resistance Level: The 24h high at $3.53 serves as resistance, and a break above this level may lead to upward momentum. $3.60 could be the next resistance point.
Trade Strategy:
1. Target Level 1: $3.15 (Support Zone)
Scenario: If the price touches or approaches the $3.15 support, consider setting a buy order near this level. There could be a potential bounce back up to $3.22.
Stop Loss: $3.10 (just below support).
Rationale: The price has already shown a small downtrend, and this level offers a solid support range.
2. Target Level 2: $3.40 (Mid-Range Resistance)
Scenario: If FTT breaks above $3.30 (mid-range), it could rise toward $3.40. Look for confirmation through indicators like MACD crossing upward or RSI crossing over 30.
Stop Loss: $3.25.
Rationale: A rebound from the $3.15 level and a move through $3.30 could push the price to the $3.40 level.
3. Target Level 3: $3.53 (Resistance Zone)
Scenario: If the price breaks through $3.40 and shows strong bullish momentum, $3.53 would be the next target.
Stop Loss: $3.30.
Rationale: The 24h high at $3.53 offers a significant resistance point, where selling pressure may increase. If reached, take profits or adjust to trailing stop.
Additional Notes:
Volatility: Keep an eye on the overall market sentiment, as the crypto market can be highly volatile. If the broader market shifts, FTT may follow.
Risk Management: Always use appropriate risk management strategies, such as stop losses, to protect from large drawdowns.
#BURNGMT
/USDT Technical Analysis: and trade setup 🎯🚀
Current Price: $3.22
24h High: $3.5273
24h Low: $3.1500
Price Trend: The price has shown a downtrend in the last 24 hours, currently down by 3.42%. It’s trading near its 24h low.
Support Level: The 24h low at $3.15 can act as a short-term support level. If the price continues downward, $3.00 may act as a stronger support zone.
Resistance Level: The 24h high at $3.53 serves as resistance, and a break above this level may lead to upward momentum. $3.60 could be the next resistance point.
Trade Strategy:
1. Target Level 1: $3.15 (Support Zone)
Scenario: If the price touches or approaches the $3.15 support, consider setting a buy order near this level. There could be a potential bounce back up to $3.22.
Stop Loss: $3.10 (just below support).
Rationale: The price has already shown a small downtrend, and this level offers a solid support range.
2. Target Level 2: $3.40 (Mid-Range Resistance)
Scenario: If FTT breaks above $3.30 (mid-range), it could rise toward $3.40. Look for confirmation through indicators like MACD crossing upward or RSI crossing over 30.
Stop Loss: $3.25.
Rationale: A rebound from the $3.15 level and a move through $3.30 could push the price to the $3.40 level.
3. Target Level 3: $3.53 (Resistance Zone)
Scenario: If the price breaks through $3.40 and shows strong bullish momentum, $3.53 would be the next target.
Stop Loss: $3.30.
Rationale: The 24h high at $3.53 offers a significant resistance point, where selling pressure may increase. If reached, take profits or adjust to trailing stop.
Additional Notes:
Volatility: Keep an eye on the overall market sentiment, as the crypto market can be highly volatile. If the broader market shifts, FTT may follow.
Risk Management: Always use appropriate risk management strategies, such as stop losses, to protect from large drawdowns.
#BURNGMT
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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