The crypto market is buzzing, and $FTT (FTX Token) just lit up the charts with a powerful bullish breakout that's catching the attention of smart traders. With a decisive move past the $1.20 resistance zone, the token is now trading around $1.2412, showing strong momentum and rising buyer interest.

Let’s dive into why this setup could be one of the hottest short-term long trades in the altcoin space right now.

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🔍 Technical Breakdown: $FTT Breaking Out With Power

After weeks of sideways consolidation between $1.14–$1.20, $Ftt has finally exploded past resistance, pushing to a local high of $1.2654. This breakout is backed by a significant volume spike, confirming buyer strength and real interest behind the move.

✅ Higher Highs on Hourly Charts

✅ Strong Bullish Candles

✅ Volume Surge Supporting Price Action

This isn’t just a random pump — it’s a technically sound breakout that could extend further if key support holds.

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📈 Trade Setup: LONG Position

Entry Zone: $1.2350 – $1.2450

Target 1 (TP1): $1.2750

Target 2 (TP2): $1.3000

Stop Loss: Below $1.2100

Traders looking for a safe entry can wait for a minor pullback near $1.22 before riding the next leg up. As long as $1.21 holds as support, bulls remain in control.

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💡 Why This Trade Makes Sense

Clean breakout from consolidation range

Momentum shift toward bulls

Short squeeze potential above $1.2650

Market sentiment improving for mid-cap alts

This setup is not just about price — it’s about volume, structure, and momentum aligning perfectly for a high-probability trade.

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⚠️ Risk Management Tips

🚫 Avoid overleveraging — breakouts can be volatile

🔒 Stick to the stop-loss zone below $1.21

📉 Exit early if price fails to hold above key support

Remember: Trading is about capital preservation first. Use tight risk management to make the most of this breakout while minimizing potential downside.

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🧠 Final Thoughts

$FTT/USDT is showing classic breakout behavior with confirmation from volume and price structure. With targets of $1.275 and $1.30 in sight, this could be a quick swing opportunity for those watching closely.

📌 Bookmark this setup and monitor how price reacts around $1.22–$1.265. If bullish momentum continues, this could be the beginning of a mini rally.

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#FTT

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