FTT/USDT - Potential Short Scenario

Hello Traders!

FTT continues its downward movement.

Price is testing the support level of $24.50 and fixed below MA100 on a weekly timeframe .

Based on the current macroeconomic situation with inflation and the debt load in the crypto-industry, we can assume that the market will continue to plunge.

In that case, on the next wave of falling, there are prospects of medium-term purchases with a discount . It is possible to look for purchases near the support level of $10.75 in the price range of $10.75 - $14.45.

Targets of such purchases will be the levels of $24.50 and $36.00

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice

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