FTX WILL REFUND IT CUSTOMERS.
FTX will be refunding around 16 BILLION USD (in stables) back to its customers from tomorrow on which is overall a very good thing, why? because it is capital that could ENTER the market as customers receive it back in stables so their is no way that that money/liquidity can leave the market.
As this will happen it could cause a pump in FTX's token FTT.
FTT is ranging here at resistance trying to breakout and once a breakout comes it could pump a solid 60-150% (i would trade this in spot, not with leverage)
Be aware of your own risk management but it looks like a solid set up as this refund is a bullish thing.
As this will happen it could cause a pump in FTX's token FTT.
FTT is ranging here at resistance trying to breakout and once a breakout comes it could pump a solid 60-150% (i would trade this in spot, not with leverage)
Be aware of your own risk management but it looks like a solid set up as this refund is a bullish thing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.