$FTT has printed a strong impulsive breakout from the 0.30 consolidation zone, followed by aggressive buying that pushed price into the 0.36–0.38 resistance area. After the spike, price entered a healthy pullback, with buyers defending above the prior breakout level near 0.33, indicating strength and continuation potential.
The retracement appears corrective rather than distributive, with higher lows forming near support. As long as price holds above the 0.32–0.33 demand zone, the bullish structure remains intact. A sustained reclaim above 0.35 would confirm continuation toward higher resistance. A loss of support would invalidate the setup.
Trade Setup
Entry Range: 0.328 – 0.338
Target 1: 0.350
Target 2: 0.370
Target 3: 0.385
Stop Loss: 0.315
