When Platform Position Style Trades Go Momentum: FTAIThis platform position-style trade is starting to shift to a momentum or swing-style trade, which happens frequently with platforming trends. Above is a daily chart so you can see the shifting daily patterns from platforming to momentum.
The angle of ascent is getting steeper, which is best seen on a weekly chart, below. If you are holding this stock or others similar to this trend, it is time to shift gears to watch for speculative trading and other risk factors.
At some point the angle of ascent will be too steep to sustain the uptrend and you will need to plan how to manage the trade: take profits or hold? Is there potential for longer-term growth? If so, a profit stop must leave ample room for the stock to adjust out the big gains.
Platforms
Floki Inu Becomes Official Sponsor Of Formula One Formula 1, on the other hand, is broadcasted to 170 territories with an average TV viewership of 87 million per race and a growing audience of 1.5 billion people.
This means that with this partnership, the FLOKI brand will reach an astonishing 1.5 billion people, as FLOKI’s logo will be featured on rear-end wing plates of both Alfa Romeo Formula 1 Team ORLEN cars for the entire 2022 season.
This partnership will also help FLOKI grab the Chinese audience’s attention as Guanyu Zhou will make his debut in 2022 as the first-ever Chinese driver in Formula 1 alongside Valtteri Bottas. In addition, Formula 1 is expected to be hosted in Miami for the first time. Miami is considered one of the famously expanding crypto markets, so that Floki will be observable to Miami sports lovers.
The team takes it as one of the hottest moves as they develop their flagship play to earn game (Valhalla) and bring crypto to the masses.
Before this announcement, Decalspotters, independent motorsport coverage, claimed that Alfa Romeo F1 is all set to announce the new sponsorship deal with FLOKI in the coming days, the rumors got viral on social media platforms. However, when Floki’s team was reached for details by TheCryptoBasic, they denied the news by saying they would not provide any official comment on the matter.