$FTT USDT Analysis

Current Scenario:

The $FTT /USDT pair is currently trading at $2.22, up 0.99% in the past 24 hours. The price has been consolidating in a range bound pattern, with the 24-hour high and low being $2.50 and $1.9851, respectively. The 24-hour trading volume is 16.12M FTT and 35.70M USDT.

Trade Ideas:

Long Trade:

* Entry: $2.2683 (Upper Bollinger Band)

* Target: $2.50

* Stop Loss: $1.8388 (Lower Bollinger Band)

* Leverage: 2x

Short Trade:

* Entry: $1.8388 (Lower Bollinger Band)

* Target: $1.72

* Stop Loss: $2.2683 (Upper Bollinger Band)

* Leverage: 2x

Market Outlook:

The Bollinger Bands are contracting, indicating a period of low volatility. However, the price is currently testing the upper band, which could lead to a breakout and a bullish move. Alternatively, if the price fails to break above the upper band, it could retest the lower band and potentially enter a bearish phase.

Disclaimer:

This analysis is for informational purposes only and should not be taken as financial advice. Please do your own research before making any investment decisions.