FTX token Buy time there is some good news about improving ftx token project , we are at dip again . good to buy some here
FTTUSDC
FTT bull caseFTX Token is trying to break out of this falling wedge (yellow) and may be forming Inverted Head and Shoulders🤷 on the Daily timeframe. If price breaks the falling wedge upper edge and then the Neckline I think there is chance for run to 68 and even higher. Actually in anticipation of this happening I'm already looking for buy signals on lower timeframe (2h) and I see another potential Inverted Head and Shoulders in the making:
Once the Neckline of this smaller iH&S (2h)☝️ is broken I will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above) as shown on the 2h TF picture.
ENTRY : Backtest of the broken Neckline (2h) @ 43.5
STOPLOSS (SL) : Right Shoulder (iH&S Daily) = Head (iH&S 2h) @ 37.3
TARGETS (TP) : Inverted H&S target projections @ 49.5 & 68
REWARD RISK RATIO (RRR) : 1 & 4
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FttusdtAfter 6 months being in downtrend, the downtrendline has been broken and it has confirmed the breakout.
Buy after hitting the pull back and closed two 4h candles above it.
Targets
48
55
63
And maybe more
