$FTT FTT/USDT Trading Signal - Pullback or Preparation for a New High?

Current Price: $3.3746

EMA Trends:

EMA(7): $3.4084

EMA(25): $3.3563

EMA(99): $3.3915

Observation:

FTT/USDT rallied to a 24-hour high of $3.6000 but is now experiencing a pullback, finding support near EMA(25). The price action shows resilience above $3.3500, signaling the potential for another attempt at the highs. Strong volume at 6.80M FTT adds confidence to the trend continuation possibility.

Potential Strategy:

Entry Range: $3.3500 - $3.4000

Targets:

Target 1: $3.4500 (Immediate Resistance)

Target 2: $3.6000 (24h High Retest)

Stop Loss: $3.3000

Key Insights:

A breakout above $3.4500 could attract momentum buyers, propelling the price back to $3.6000. Secure partial profits at Target 1, and trail the stop-loss after the breakout to lock in gains. A move below $3.3000 may signal further downside.

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