Gann Analysis for FTX Token (FTT/USDT) on a Daily Timeframe

Hello Dear Traders,
Long Term Cycle Target = 9
More Details:
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### **1. Overview of the Chart**
- **Asset:** FTX Token (FTT) against Tether (USDT).
- **Timeframe:** Daily.
- **Gann Levels and Geometry:** The chart shows a Gann square configuration with critical price and time intersections, highlighting significant support and resistance zones.

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### **2. Key Observations**
1. **Current Price:** **3.2805 USDT** (up by **10.45%**).
2. **Major Levels Based on Gann Angles:**
- **0° = 1 USDT:** A strong foundational support level.
- **45° = 1.5625 USDT:** Intermediate support; historically relevant.
- **90° = 2.25 USDT:** Another significant support area, which has held well during recent price action.
- **180° = 4 USDT:** A critical resistance level that may act as a near-term target for bulls.
- **225° = 5.0625 USDT:** Resistance on the mid-term horizon.
- **360° = 9 USDT:** A long-term bullish target if momentum sustains.

3. **Price Interaction with Gann Levels:**
- The price has recently bounced off the **90° level (2.25 USDT)** and is heading towards the **180° level (4 USDT)**.
- Gann diagonals (green and pink lines) indicate potential reversal zones depending on their intersection with price action.

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### **3. Scenarios and Predictions**
#### **Bullish Scenario:**
- **Condition:** A strong breakout above **180° = 4 USDT**, confirmed by sustained price action and volume.
- **Targets:**
- **First Target:** **225° = 5.0625 USDT.**
- **Second Target:** **315° = 7.5625 USDT.**

#### **Bearish Scenario:**
- **Condition:** A rejection at the **180° resistance** and a breakdown below **90° = 2.25 USDT.**
- **Targets:**
- **First Target:** **45° = 1.5625 USDT.**
- **Second Target:** **0° = 1 USDT.**

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### **4. Recommendations**
- **Short-Term Traders:**
- Look for bullish confirmation if the price breaches **4 USDT.**
- Set stop-loss levels slightly below **90° = 2.25 USDT** to minimize downside risks.

- **Long-Term Investors:**
- Monitor the interaction at **180° and 225° levels**.
- Accumulate cautiously near support zones like **90° or 45° levels** for a favorable risk-to-reward ratio.

Beyond Technical AnalysisGannTrend Analysis

Time is more important than price. When time is up price will reverse." – W. D.
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