There is a great chance for gains trading FTT right now! I strongly belive that this coin is on a verge of doing great things!
I will explain my reasoning in detail:
FTT is testing a major support confluence:
- A strong horizontal support
- High time frame diagonal trendline support
- 200 daily EMA as a support
- Important Fib level s a support
- Daily OBV is...
💎 FTTUSDT after breaking out of the descending channel has been in a range between a major support and resistance. The After the breakout of the resistance I expect a bullish move
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🎳 Entry/Pullback now or from 51.61 - 50.07
☕️ TP1 54.95
🍺 TP2 58.61
🍻 TP3 62.75
🍾 TP4 67.03
🍷 TP5 71.03
🍸 TP6 75.00
🚫 SL 50.07 -...
FTTUSDT is testing the daily resistance after the breakout from the descending channel.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
EXIT POSITION IF PRICE GOES BACK TO 46.02
make sure you utilize good risk management.
--THE BLUE FLAG SHOULD BE YOUR TP ZONES AS USUAL.
🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own...
Technically, when we look at the chart in 4 hours, the butterfly bull formation ( Bullish Butterfly ) has been formed.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
Trade entry level:51.20...
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Everything on the chart.
open pos: market and lower
after first target reached move ur stop to breakeven
stop: ~48 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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Considering the orange and purple uptrend channel and the fact that the price has supported its uptrend line, as well as the formation of a triangular pattern, we can expect the price to grow to one of the following targets.
Due to the strong resistance on the first target, if the price reaches this target, save profit...
FTT Demand zone was spotted at 48.44 zone we had an initial up move which gave a nice percentaege profit but liquidity was built along the way which market came back to take that liquidity and then we are expecting a bounce to 66.0 then a slight retracement then another up move to 71.70,another retracement then another upmove to 80
Over the past year, FTT has formed a huge bearish wedge pattern. Classically, these are reversal patterns, so a strong bearish move would be expected.
However, I'm still fairly bullish on the crypto market as a whole. My expectation is that FTT will see some bearish moves in the near future. I'll be watching for the support area for a potential reversal.
The live FTX Token price today is $51.13 USD with a 24-hour trading volume of $185,352,280 USD. We update our FTT to USD price in real-time. FTX Token is down 1.28% in the last 24 hours. The current CoinMarketCap ranking is #31, with a live market cap of $7,130,255,551 USD. It has a circulating supply of 139,460,202 FTT coins and a max. supply of 352,170,015 FTT coins.
FTT, native token of FTX exchange is trading in accumulation zone. The area close to $48 proved to be strong support in the past. RSI is picking up and is in positive territory, MACD is also getting momentum. I’m looking to take long position here; the first target being doted yellow line as a top of descending triangle. Second; a break out from triangle would...