On this chart we can see the massive drop from FFTUSD as we all know FTX is in big trouble. So this trading setup is a really high risk setup.
If we ignore the fundamentals, the indicators are showing that the price will go up. The indicators we used are the Bollinger Bands, RSI and stochastic. They´re all suggesting the price is oversold. So hopefully the price will have it´s last convulsion before it continues to go down.
All further details are shown on the chart.
Trade closed: stop reached
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high risk trade and stop loss hit. this coin will go to 0.
@vf_investment any update? still same thought or any potential for upside
SwallowPremium
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Heading for the target here, thanks for the analysis
premiumtheta
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Strange hard to back button to FTT COPY from other browser is strange to see and strange times in this space as well aha
UnknownUnicorn15614419
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Thanks for sharing your vision, but I don't agree with the idea. I think the price will go higher and a move can be expected soon. Another question. Do you take market and asset news into account when writing your idea?
cndkustoms
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@TradingStat, The price is going to 0 i will never pass $5 not going to happen there will be a short spike before heading to 0
Solldy
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It's a beautiful chart. You have a very good use of technical analysis tools. When you analyze the long term, do you consider the fundamental analysis?