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This is a one-day-time frame analysis for FTTUSDT

In this chart, R2 and R1 are the resistance areas that include the unsuccessful attempts of the price to rise. And at the bottom, S1 and S2 used to be resistance areas in the past. We see the support of price in the past at S2 and then by having a rising trend, the price fluctuate over this area u to the time that is could break S1 upward and had a strong candle to reach R1. Presently, we have its falling trend below the mentioned area and we must wait for its rise by the time we receive some rising candles for the purpose of an increase. So when the price falls to S2, our belief would be another rise toward R1 and even over this area toward R2 (in case nothing special happen in the market). By the time the price gives us some confirmation candles for a rise, the long position of the chart is activated and an increase happens to it toward higher amounts. Even it is possible for the price to lose the support at any points and a rejection for it, makes another falling trend down to S1 or S2. But at the moment the possibility of a decline below S2 is not so high. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

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