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FTTUSDT trade ideas

FTTUSDT Swing High| Local S/R| .618 Fibonacci| Price Action Evening Traders, Today’s analysis – FTT – oversold bounce coming to an area of resistance where a rejection is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance (.618 Fibonacci Confluence) - Low Volume Profile - Oscillators Neutral FTT’s immediate Price Action is impulsive from its recent lows, trading towards a key Local S/R Resistance, allowing for a short bias. The .618 Fibonacci is in technical confluence, rejection here is highly probable on the first attempt. Both Oscillators are trading neutral however approaching their extended territories, a reversion to their mean is probable. The current volume profile is on a decline, and influx is highly probable when testing key trade locations. Overall, in my opinion, FTT is a volume short-term short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless. Jack Schwager – Author of Market Wizards
Short
by AzizKhanZamani
Why FTT will DESTROY China CoinI'm sure you have all seen BNB pump recently. And maybe you were wanting to short it but its not looking like a great time from that chart. Well this will give us a chance to get bearish exposure to BNB while maintaining a Bitcoin neutral hedging for the coming drops. We can see clearly that FTT is not trending against China Coin. It is instead ranging. This invariably means that at some point we will break out of this range, and we think it is even possible to be happening some time in October or even sooner. For now this trade has a take profit level at the top of the range, and we will make sure to re-evaluate it after that. This trade is also perfect from a fundamental perspective. Binance is not worth 15 times what FTT is worth. Right now, if FTT was properly valued the same as BNB, it would be worth $865.77 at the time of writing. That is a 15x in price. To execute this trade properly, you would need to go to futures. There, you will short BNB and long FTX with the exact same amount. Again the bonus of this is that you will NOT lose money when BTC starts to dump more later!
Long
by bowtrix
FTT// Jead & Shoulders + TrendlinePrice has currently stalled out at the base of the H/S pattern which has recently been completed. There is also low volume which suggests energy building and an impulse to either side. Current price action suggests that this trend will continue upwards. Although I have many reasons why I would like to take this trade technically and fundamentally, patience is the game. I want to wait for further signs that price will hold at this level and that FTT will receive a good volume push. Until then I will continue to monitor FTT.
by N0ST0PL0SS
FTT for the future is good? IMO yeahI just checked few days ago about the announcement of FTX Chain. This is so impressive and looks like I have a chances to profit in the future, so thats why I just bought some FTT recently. Not only in fundamental, but if I see the daily charts, FTT still on bullish and looks like will reach new ATH. This is the reason I have bought some FTT recently even the price currently on daily resistent, cause I dont want to be late and yeah personally I'm ready to averaging untill support daily, 35$. #DWYOR This analysis made by newbie who want documentation his analysis, please note it.
by Cryptololi
FTT Long1. Narrative Investing - Stories that people are looking at - What they invest in based on these stories 2. Team Behind the Coins - Community first - Proven track record for execution - Long-term vision (no quick money / speculating) 3. Technical Analysis - Any strong momentum sell-off? What drives it? - Long-term bullish - Access the strength of support and resistance level (need a solid base and long-term bullish for grid trading) - A/D ratio - Candle Pattern on 1hr, 4hr, Day and weekly chart
Long
by Art_of_Trades