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FTT is currently trading at 0.5561 USDT, showing intraday recovery (+1.96%) after a sharp -6.54% move earlier. Despite short-term bounce attempts, the broader structure remains weak.
Market Snapshot
24H High: 0.6560
24H Low: 0.5266
24H Volume: 13.27M FTT
Trend Performance:
7 Days: +18.97%
30 Days: +1.04%
90 Days: -40.44%
1 Year: -84.58%
Technical View
Price is trading below key moving averages, indicating sellers still control the higher timeframe.
0.5260 – 0.5390 is a strong demand zone; buyers defended this area.
Immediate resistance lies at 0.5950 – 0.6650. A clean breakout above this zone is required for trend reversal confirmation.
Momentum indicators remain mixed, suggesting range-bound and volatile price action.
Trade Plan (Educational)
Scalp/Short-term Buy: Near 0.5300–0.5400 with tight risk control
Targets: 0.5950 → 0.6500
Invalidation: Daily close below 0.5200
Bearish Scenario: Rejection from 0.5950 may lead to another retest of lows
Conclusion FTT remains a high-risk, speculative asset. Short-term opportunities exist, but only with strict risk management. Trend traders should wait for confirmation above resistance before considering larger positions.
This is not financial advice. Always manage risk and trade with confirmation.
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