Dec. 10 at 3:22 AM
Actionable Trade Alert for
$FTAI:
Market Context:
$FTAI is currently trading at
$181.27 with a strong RSI of 75.02, indicating overbought conditions. The price is above both the 30-day MA (166.47) and the 50-day MA (168.77), suggesting bullish momentum. However, the high of
$194.36 in the last 60 days indicates potential resistance.
Directional Bias: Despite the overbought RSI, the price is trending upward, supported by moving averages. The proximity to the 60D high suggests a potential pullback or consolidation before a breakout.
Trade Plan:
- Suggested Entry:
$181.27
- Stop Loss:
$174.21 (approx. 4% below entry)
- Take Profit Targets:
1.
$188.00 (3.5% gain)
2.
$194.00 (7.0% gain)
3.
$212.00 (17% gain)
Monitor the price action closely around the 60D high. If it breaks above
$194.36, the bullish momentum could accelerate towards the third target.
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