Steppe57

FTT - Better hold

Steppe57 Updated   
FTX:FTTUSD   FTT
FTT is pretty noisy on the lower timeframes, impossible to daytrade. Better stick with spot trading for this one.

Weekly levels as shown in the chart. 48$ is key, 50$ seems to be a decent long term entry. I see FTT at 400$ in the future.

Trade safe.
Comment:
So we had a decent breakout around 58$ few days ago. Right now it looks like FTT is about to retest this level. If Bitcoin can't hold the 60k level we might even drop a bit below. Think strength is gone for october.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.