Long

catching the FTT knife

Updated

Hello, i plan to enter a high risk, high reward trade on FTT soon.
Im planning to buy at these 3 green lines and selling on red zone.

This is very high risk! if this trade doesnt match with your personal risk profile you shouldnt do it.
Im only buying what i can afford to loose and so should you!

Big drops use to have big corrections and i expect a FTT correction in the range i marked on the chart.
This could be 300-400% profit trade but might aswell be 100% loss as FTT is worthless. Know this if you think about entering this trade.

PS: Crypto is a giant bubble full of fraud! Only invest what you can afford to loose 100% as any exchange could go bankrupt etc!
Dont hold USDT! as it is currently depegged and VERY LIKELY not 100% backed by real USD.
Be careful out there and good luck.

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deleting first order and putting it at 0.41$

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0.4-0.6 USD is my main entry, ill buy some earlier but mayjority in this range

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well, i just read that there were new FTT´s unlocked today.
halting this idea for now until have a clear picture of wtf is currently happening.

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locked FTT were unlocked and the supply doubled altho as long this unlocked ftt doesnt enter the markets its basically like nothing happened, so this idea is back and im watching what will happen to the unlocked ftt in the coming days.

ps im hope ftt isnt already correcting here

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for now this just looks like a retest of previous supp.
i will buy into ftt at ~1 usd (slowly) and more aggressive when its at 0.4-0.6.

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basing my decision when to buy alot on the FTT orderbook to see where whales are buying.
Here´s the Orderbook: ibb.co/HrYPyqC
only whale orders i can see is 0.3 - 0.35 USD

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we might see a small correction here before going lower, risk/reward is not good enough for me to trade it. i will just wait for my original entrys as im not sure about that correction.

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and there was the correction, dont fomo in!

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expecting something like this. 0.5$ is currently my main entry im eyeing. ftt should sell off again at one of this 2 resistance zones.

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kinda looks like bottom is in, 30% of my orders got filled.
other buy orders range to as low as 0.7$.
i dont think it will go much lower then that.

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remember this is a big risk setup, ftt is fundamentally worthless.
do your own research!

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the idea is basically that we could see a luna/cel like rise from speculators.
is this retarded and is ftt worthless? yes.
could it work out? maybe.

this is a an absolute high risk gamble and may aswell be a total loss.

Symbio_X

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