🔥FTX IN GAME❓ The HIGHLIGHTS of the day and 3 targets for FTT❗🔥 Hi friends! "I'm sorry. That's the biggest thing.I fucked up, and should have done better.", said CEO FTX Sam Bankman-Fried (SBF) in the latest tweets. Today was the day full of news about FTX, so I collect for you the most impotrant for you:
1. The FTX CEO says in a message to his remaining employees that FTX could theoretically still raise capital. Next week, the FTX CEO promises to try very hard in terms of negotiations. Says he is in talks with Justin Sun (Tron founder).
2. Huobi Research has published a list of projects in which FTX has invested directly and with which the exchange has had close links. According to Huobi Research, these projects stand a good chance become the "victims" (to varying degrees) of this crisis.
3. The founder of another cryptocurrency exchange, Kraken, said the FTX situation is a huge blow to the crypto industry, but it will be overcome.
4. The FTX CEO transferred at least $4bn in FTX funds to support his own Alameda (the FTX fund). Some of these funds were client deposits. SBF has not informed other FTX executives of its intention to support Alameda in this way.
🚩 US has launched an investigation against FTX and Co.
5. Tether is freezing an FTX wallet with a balance of 46,360,701 USDT on the TRON blockchain at the request of the SEC until the end of the investigation.
6. FTX HAS TOTAL MARKET VALUE OF ASSETS, COLLATERAL HIGHER THAN CLIENT DEPOSITS - CEO FTX Sam Bankman-Fried. He add that FTX US is safe, but no word about another clients.
🚩 This quote pump the price by 50%!
7. At the end of his message, the FTX CEO added: "At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now I'll just say: well played, you won.".
This message is addressed to CZ, the closest competitor and CEO of the Binance exchange. It was CZ that provoked this fall of entire crypto marketwith its statement about the sale of $600M of FTT coins.
🔥8. According to some sources, Sam Bankman-Fried (SBF) is in talks for $9.4bn funding:
- $1 billion from Justin Sun (TRON)
- $1 billion from OKEX
- $1 billion from TETHER
- $2 billion from a consortium of funds
- the rest $ from other investors
✅ Wouldn't be surprised if Elon Musk is also involved in the deal.
📊 The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
🚩 Targets for BNB and the BEST Binance crypto coins or project related to Binance I describe in this idea👇
I just got information that FTX has allowed withdrawals. Now only the only active wallet for withdrawal is visible, but withdrawals go to the same addresses and too slowly. Therefore, this news is not yet proven.
✅ Finnaly, I think the FTX exchange will be recovered because it is the largest exchange in the USA. I will continue to monitor the situation and give you best trading plans. Stay tuned!
📊 TECHNICAL ANALYSIS OF FTT CHART AND 3 TARGETS
The price fall below the $2.5 key level and collect the sl there. The BEST entry point was at the price close above this level. Now the possible profit is +66%.
✅ If you miss that entry point, I made for you another possible 2 plans that can bring you a profit:
1. squeeze to the local trendline and than the breakout. It will be the best scenario.
2. return the price to the key level and test as the support. It's almost impossible, but i need to inform you about this entry poiny. It is more risky because if the price return to $2.5 the key level might not hold the price.
Take a look on the volume indicator. Seems like the liquidation of long traders are finnaly ended, but the liquidation of short traders may strart soon.
🚩 I use DOM and Footprint scalping tools to identify the whales and open a trades with them. I recommend you to use it also cause this tools can add +25-35% to your winrate.
✅ I mark only mid-term targets because see the posibility to make the nice profit:
🔥 $6.5 - the key level and local high
🔥 $10 - key level and even number
🔥 15$ - key level and even number
🚩 Why the price can reach this targets so fast? Because the FUEL for the growth will be the short traders, that will bought back FTT to cover their losses.
Remember about risk management and market give you a lot of opportunities!
✅ Traders, what do you think about the FTX situation? Is it possible, that FTX return to previous price or it will scammed soon? Write your thoughts in the comment.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
