$FTT 🚀 FTT/USDT Technical Analysis: Is Momentum Strengthening?

FTX Token (FTT) is trading at $3.0119, up 6.38% in the past 24 hours. As the price trend heats up, traders are watching key levels to determine the next big move.

Key Levels to Watch

🔑 Support Level:

$2.67: A key area where buyers have consistently stepped in to defend the price.

🔑 Resistance Level:

$3.03: The intraday high; a breakout above this level could trigger bullish momentum.

Entry Strategies

📈 Conservative Approach: Wait for a breakout above $3.03, which would signal the start of an upward trend. Aim for a stop-loss below the breakout area, targeting higher levels.

📉 Aggressive Approach: Enter near the support level of $2.67, taking advantage of potential pullback opportunities while setting strict stop-loss to minimize risk.

With the RSI in neutral territory and the MACD giving cautious signals, the market is in a balanced state. A breakout above the resistance could lead to a strong rebound, while a drop below the support could open the door for further declines.

Are you ready for the next wave of FTT? Stay sharp and trade wisely!🌟