Hello, i plan to enter a high risk, high reward trade on FTT soon. Im planning to buy at these 3 green lines and selling on red zone.
This is very high risk! if this trade doesnt match with your personal risk profile you shouldnt do it. Im only buying what i can afford to loose and so should you!
Big drops use to have big corrections and i expect a FTT correction in the range i marked on the chart. This could be 300-400% profit trade but might aswell be 100% loss as FTT is worthless. Know this if you think about entering this trade.
PS: Crypto is a giant bubble full of fraud! Only invest what you can afford to loose 100% as any exchange could go bankrupt etc! Dont hold USDT! as it is currently depegged and VERY LIKELY not 100% backed by real USD. Be careful out there and good luck.
Comment
⋅
deleting first order and putting it at 0.41$
Comment
⋅
0.4-0.6 USD is my main entry, ill buy some earlier but mayjority in this range
Comment
⋅
well, i just read that there were new FTT´s unlocked today. halting this idea for now until have a clear picture of wtf is currently happening.
Comment
⋅
locked FTT were unlocked and the supply doubled altho as long this unlocked ftt doesnt enter the markets its basically like nothing happened, so this idea is back and im watching what will happen to the unlocked ftt in the coming days.
ps im hope ftt isnt already correcting here
Comment
⋅
for now this just looks like a retest of previous supp. i will buy into ftt at ~1 usd (slowly) and more aggressive when its at 0.4-0.6.
Comment
⋅
basing my decision when to buy alot on the FTT orderbook to see where whales are buying. Here´s the Orderbook: ibb.co/HrYPyqC only whale orders i can see is 0.3 - 0.35 USD
Comment
⋅
we might see a small correction here before going lower, risk/reward is not good enough for me to trade it. i will just wait for my original entrys as im not sure about that correction.
Comment
⋅
and there was the correction, dont fomo in!
Comment
⋅
expecting something like this. 0.5$ is currently my main entry im eyeing. ftt should sell off again at one of this 2 resistance zones.
Comment
⋅
kinda looks like bottom is in, 30% of my orders got filled. other buy orders range to as low as 0.7$. i dont think it will go much lower then that.
Comment
⋅
remember this is a big risk setup, ftt is fundamentally worthless. do your own research!
Comment
⋅
the idea is basically that we could see a luna/cel like rise from speculators. is this retarded and is ftt worthless? yes. could it work out? maybe.
this is a an absolute high risk gamble and may aswell be a total loss.
Interesting take. A correction seems likely to play out here, similar to how LUNC "rounded" from its initial low back in May. I believe everyone who felt the need to sell off FTT in large quantities already did so days ago. I personally do not think we will drop much further from these current levels. Good luck.
Symbio_X
⋅
@bt10101, i mean fundamentally its worth 0 which is its mid/longterm target but yeah from past experience shitcoins dont go straight to 0 and have (big) corrections. yeah originally i too thought bottom would be arround 1 usd but when looking at the marketcap chart of ftt i think theres more to go. we didnt do -99% from ath yet (this is where failed coins usually have huge correction from my experience). But yeah, bottom could be already in. good luck to you too :)
dinchun
⋅
I like risk taking. I wouldnt fuck with these kinda coins but I get it. High risk high return for sure. Good luck mate. I hope it works.
Symbio_X
⋅
@dinchun, yeah the risk on this setup is pretty insane especially with external factors. From a pure TA perspective im rather confident that there should be a correction but then there´s also ongoing contagion from ftx. (Binance being a fraud, tether blowing up, the genesis/gemini story etc.) with this factors its a trade barely worth taking.
generaly i highly advice traders to side line currently, (stay in usdc and send to wallet or transfer usd back to bank) and dont get caught by exchange bankrupty/tether blowup/unknown contagion.
SwallowPremium
⋅
That's a great idea! In the current state of market, this asset is not the easiest to predict but you explained it pretty well. Thank you very much for posting!
@Kevin_NL1989, im personally still waiting for lower prices but you do you
Kevin_NL1989
⋅
@Symbio_X, No, I don’t expect lower prices now. I think when you step in between now and 1,45$ is a good choice. It’s up to you but I took a risk too, when prices get lower I buy more or use my stop loss. It’s up to you, keep in mind that it is a risk but also with change of a high REWARD…. 3$ is my limit sell for now. If you keep waiting for lower prices, you will miss the pump, so I personal advice you step in tonight