#FTTUSDT — Descending Triangle: Ready for Takeoff or BreakdowFTX Token / TetherUSBINANCE:FTTUSDTCryptoAnalystSignal#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 0.2720. 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: 0.2884 First Target: 0.2939 Second Target: 0.2994 Third Target: 0.3060 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.