"Jack's Trading Classroom" FTTUSD Discussing Platform Token FTT
Currently, we are looking at the four-hour candlestick chart of FTTUSD. Judging by the moving averages, a bullish formation has appeared in the four-hour candlestick chart of FTT, with the moving averages crossing upwards and diverging over different periods.
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FTT has recently retraced to the Fibonacci support level of 38.231.644, with the previous high at 43.5, currently in a testing breakout phase.
If it successfully breaks out and closes higher, it may target the Fibonacci resistance zone of 127.2-138.2 at 48.718-50.829 in the future, similar to Binance Coin (BNB), suggesting a positive outlook for the platform token asset.
In recent days, the cryptocurrency market has experienced significant volatility. It is recommended that operators strictly adhere to risk management practices and avoid high leverage and high contract volumes to prevent additional losses due to volatile market conditions. This article reflects personal opinions, and readers are advised to consider it carefully. Cryptocurrency trading may pose risks to your capital.
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