FTX Token / TetherUSShort
🔥 FTT Bearish Triangle: Break Out Soon
FTT is one of the few tokens which has been holding up quite well. From top to low it only lost around 75% of its value, where most tokens looked at a 90% loss.
However, the near term does not look great for FTT. The bearish triangle on the chart is on the verge of breaking downward. With the FED announcing their interest decision coming Wednesday, it could very well be the catalyst for the price to fall through the support.
Near term target placed at the capitulation low at $21. Longer term (and riskier) bear target at $15.
However, the near term does not look great for FTT. The bearish triangle on the chart is on the verge of breaking downward. With the FED announcing their interest decision coming Wednesday, it could very well be the catalyst for the price to fall through the support.
Near term target placed at the capitulation low at $21. Longer term (and riskier) bear target at $15.
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