Hello Dear Traders, Long Term Cycle Target = 9 More Details: ---
### **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.
#### **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.
Time is more important than price. When time is up price will reverse." – W. D.
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