LONG FTTPERP FROM 47 TO 50 TARGET 110FTTUSD has both fundemantals and technicals on his side.
Technically 47 when it will hit and bounce at 47 usd ftt will be having it's double bottom on the the overall pullback from 83.
technically a bounce from 47 usd area can lead us to the target area 120 to 130 USD.
but hey it's crypto, then fundamentals say this:
sam bankman is now free to pump ftx coin. Why? because he bought back binance dominance in ftx; if binance went from 9 usd to 500 usd with all the fuds against CZ I only wonder where Sam bankman will take his coin. In my opinion it can go far way beyond 1k by next year. Noticed how FTT pumped since they bought back binance shares in FTX?
So what's the plan?
I personnaly bought a lot of ftt on and i'm also trading a small part on margin. My Margin long will be 5X around 47 only if price bounces when it hits that area. If price goes UP from here ? no worry i'll buy at market at 52 and wait. the only problem will be fees.
Bearish scenario? Only if price BREAKS below 47 and goes to 1.618 area which is 41, and from 41 if we don't get the strongest rally in crypto's history then ftt is worthless.
what's the strategy from now? Wait today and tomorrow either 3 scenario happen
1. Hit 47 and bounce we buy after bounce around 48. don't buy before you see any reaction it would be gambling.
2. Price rallies from here this area at the moment of publishing is the 78% fibs from 47 usd to 60, then same strategy just fomo in or wait for a small pullback at 5min if you're too cautious
3. it breaks 47 USD and no reaction please wait 41USD and watch the reaction, something surprising might happen.
When take profit in case of pump? December baby, let it roll up down until december and just take profit at the end of the first week of december , we might miss out but better miss a few than see your profits melt.
Good luck to everyone
FTTUSD trade ideas
FTTUSD going down to next supportFTT token is my fav of the utility tokens. Over the past few days, it held support levels around $60.
With that broken, I see the next support level to $52 almost matches the fib level here.
The market is very choppy and indecisive for me, so I am just placing my limit orders at $52 and patiently waiting.
(Disclaimer - not financial advice)
New high in FTT coming?Timeframe 4 hours. Of all alt-coins, FTT looks clear and predictable for us. After exiting the current range, it is possible to update the global highs since the current range has been traded for quite a long time. Take 1 - 52 $ / take 2 - 54 $ / - take 3 - 56 $.
It is also wise to leave some of the position in case of tothemoon and a new high.
$FTT to $50 to grab liquidity$FTT may need to come down to $50 to grab some liquidity since 3 drive wedge is completed. Once we clear small range just above midrange we may test prior ATH and then very fast to OB. Those trending gap candles in context must be filled before continuation.
Invalidation: ATH
FTT/USD bullish uptrend will continueAfter I posted the last idea of FTT,
It bring a crazy pump more than 40% in one day and reached ATH.
"FTT/USD go to ATH soon?" << you can go to my profile to see this idea.
Here is my latest idea of FTT:
- 4 hours chart break the down tread, seems the correction is completed?
- In trending trading, the bullish stocks will keep creating the ATH.... FTT can do that too!
- In the latest FTX IEO, the new token bring more than 100x... It mean next FTX IEO will bring more people to join and FTT demand will be high....
- If compare BNB and FTT, FTT token still in low market cap...
As said, FTX is growling fast and which is a innovation crypto exchange,
it also is a long term project to me.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
FTT opened a long at 45 for FTT due to the bullish news on FTX allocation on ledger x's mother company. Looked into the setup, bullish divergence ont he potential SR flipped. Smashed it to ATH and sold all my bags due to the HTF resistance. still backed 20-30%. Willing to Dollar cost average for my long term bags on FTT. Adding aggressively if prints a higher high on the Daily candle. SR Flip play at it's ATH. Riding it to a$100.
FTT/USD go to ATH soon? FTX is my favorite exchange and it become stronger and stronger.
And I like FTT token too!
If we look for the FTT/USD pair, it is similar with ETH/USD.
- Cup with handle pattern
- Fib 0.5 very strong support
- Weekly MACD candle is green
- Build up more than 3 weeks
FTX is growling fast and which is a innovation crypto exchange,
it also is a long term project to me.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.