FTX Token / TetherUS
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#FTTUSDT — Descending Triangle: Ready for Takeoff or Breakdow

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#FTT

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone (in green) at 0.3066, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.3480
First Target: 0.3545
Second Target: 0.3665
Third Target: 0.3813

You can stop at the first and second targets and close the price, or continue towards the third target. Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
İşlem kapandı: hedefe ulaştı
ekran görüntüsü

#FTT
First Target: 0.3545 Reached
Second Target: 0.3665 Reached
Third Target: 0.3813 Reached

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.