FTT USD experimental playWith the whole ETH merge situation i dont want to take big risks for te next 2-3 days but i cant pass on this FTT idea.
First of all, i'm buying HALF of my position here at 24.77 and i will set an order for the other half at 23.85.
this will give me an average enry price of
24.31.
i will have 3 take profit points
24.95 2.75%
25.90 5.9%
27.45 11%
and i will use 2x leverage because it is a little dangerous.
now,if things don't go our way
if 4hour candle closes below 22.80
i will cut my losses.that is a 6.1% loss which is unusual for me to risk that much but i dont see that scenario coming to life.
MAX 2X leverage with normal position size.
If take profit one is reached,stop loss will go to my entry price.
i will update here for every move i make.
Ftttoken
FTTUSDT, We started new rallyHello everybody
FTT is one of the most popular exchange tokens in the world.
According to the chart you can see the price was moved in correction-downward trend to recover the last upward wave that was made.
At this time according you can see on chart, the correction wave was moving in downward trend and because of the reaching to the PRZ level we think the wave C was completed and we are making wave 1 of 5 in elliott and in price action.
We need some pullback (a little) because of the momentum, and then the price is ready to move upwards and to the new target and new ATH.
You can take position and buy in pullback then wait until the price reach to the top of the channel and its ready to move more upwards.
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Good Luck
Abtin