Note that the price is currently in the distribution zone. Over +1600% Which in case of a break-up (downtrend secondary) could act as a partial reset zone. The first potential target is shown.
In the case of a breakout of the neck zone (in the case of a return of the price)—temporary sadness. In addition to the currently existing trend line, I have also shown a future potential trend line (the direction of the main price trend) of the negative scenario, depending on the stopping in some of the zones shown on the chart.
Just for clarity, I overlaid the chart BNB/USD (Exchange Binance). Time frame and scale are the same.
This is what this zone looks like on a line chart.
Secondary trend.
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FTT/USD Local work in the reversal zone
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The editor of CNBC (679 thousand subscribers) proposed to restart the FTX exchange, as well as issue a token.
The token is offered to be distributed to creditors and clients, after which 100% of the profit of the trading platform is distributed among the hodlers of the token. Amid this news, FTT (coin exchange) rose by 50%.