FTTUSDT trade ideas
FTTUSDT is testing the daily supportThe price is testing the daily support after the rejection from the upper trendline as you can see on the daily timeframe ( the upper one).
The price is creating a falling wedge.
On the 4h timeframe, on the lower one, The price is testing important daily support on 41$. If you check on the left you can see how the price respected that structure
How to approach?
If the price is going to lose the daily support, and retest as new resistance we could see another bearish impulse until 38$ according to our rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
🆓FTX Token (FTT) Feb-13 #FTT $FTT
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 40$ zone
🔴Buy : 44 - 40
🔴Sell : 50 - 60 - 70
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 40$ zone
🔵Sell : 40
🔵Buy : 36 - 30
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
FTTUSDT - SETUPFTTUSDT price has rejected from the said trendline and hovering around if bulls succeed to retain this momentum and cross over above 50.0 level then it will turn its rally into bullish towards 60.0, On the other side price could retrace a little towards 40.0-40.3 level again and then we can expect an attraction for bulls. So trade according to the levels.
FTT on track for $86if you haven`t bought FTT lower:
Then you can see that it`s on track for the $86 price target from my last call.
Crypto exchange FTX raised $400 million from investors like SoftBank , Paradigm, Tiger Global and the Ontario Teachers’ Plan Pension Board, valuing the platform at $32 billion.
FTX Founder and CEO Sam Bankman-Fried “We raised close to $2 billion in six months.”
I think FTX can already rival Coinbase!
Looking forward to read your opinion about it.
FTT | Seems like Ready for Massive Breakout..!!
#FTT (Update)
Forming Descending Channel Formation in Daily timeframe..
Getting Ready for Another Massive Breakout..
Keep an eye on it..🧐
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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FTT's going to 63 at least?Though I am not sure about whether the next swing is going to be 1st of large 3rd wave or a B for a longer correction like what 2nd wave would normally be, 63 usd is a target you can expect from this pivot low. Also, FTT is currently the most held token within whales' wallet. I think the highlighted support at 0.68-0.65 Fib will be pretty strong as you can see lots of divergences are signifying losing momentum from weak hands and it is unlikely that the whales who just bought them are going to dump it...
FTT to all time high? Crypto exchange FTX raised $400 million from investors like SoftBank, Paradigm, Tiger Global and the Ontario Teachers’ Plan Pension Board, valuing the platform at $32 billion.
FTX Founder and CEO Sam Bankman-Fried “We raised close to $2 billion in six months.”
I think FTX can already rival Coinbase!
Looking forward to read your opinion about it.
FTTUSDT Descending Channel Formation in Day ChartFTTUSDT (Day Chart) Technical analysis update
FTT forming descending channel in a day chart, we can expect good up move if the price breaks above the descending channel resistance line.
Buy level: Above $47.50 (only buy after breakout)
TP 1:$55.00 , TP 2:$64.00 , TP 3:$74.00 , TP 4:$85.00
Stop loss: we will update once we see the breakout
Max Leverage: 1x or buy it on the spot market.
