Potential weekly breakoutFTT (FTX.com) exchange coin shows signs for a potential weekly kind of breakout. MACD histogram and the Oscillator look good for it.
It sits under the resistance with -0,0004 % funding rates right now. I monitor the funding rates on it for quite awhile and say that the rapid gains are clearly a soft low volume short squeeze till now.
I'm not long but I have a FTT spot bag myself, which in DCA'd in for awhile.
Long:
- Aggressive support play: Go in long on the next smaller timeframe pullback.
- "By the rules" breakout play: Go long on this potential breakout on the retest of it .
Short:
- Pessimist resistance play: Become the resistance; add shorts and hopefully don't get squeezed urself.
- Defensive short: Wait for a rejection at the resistance price levels
3D (Three Days) Snapshot
Daily Snapshot
4h Snapshot