$FTT FTT/USDT: Plummeting -16.15%, Testing Support Levels 🚨

FTT has taken a sharp dive, now trading at $2.3082, reflecting a steep -16.15% decline in the last 24 hours. The price dropped to a low of $2.2101, sparking concern among traders.

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🔍 Key Levels to Watch:

Immediate Support: $2.21 – Critical for a potential rebound.

Resistance Zone: $2.47-$2.60 – Bulls must break this range for recovery.

📊 Indicators:

Parabolic SAR: Positioned above, signaling ongoing bearish momentum.

Volume: Increased sell-offs hint at heightened bearish activity.

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💡 Trading Tips:

Short-Term Traders: If $2.21 fails to hold, watch for continuation toward $2.00. Use a tight stop-loss for risk control.

Reversal Hunters: Wait for confirmation above $2.35 before entering a long position.

⚠️ Risk Management:

Exercise caution as the market remains volatile.

Monitor broader crypto trends to gauge potential reversals.

Stay prepared and trade wisely!

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