FTT a lot of FUD today. Short?
Updated
Today , on crypto twitter there´s a lot of FUD regarding FTX exchange insolvency.
CEO of Binance announced that they will be selling their ftt tokens (do your own research on twitter to learn more).
If we see more FUD in the near term, it may result in a big drop. So far support holds.
Short it only if key support breaks.
Don´t forget to place a stop loss.
Target: 10 $
Make a note that this trading idea is likely to happen only if we see more FUD regarding FTX insolvency or anything bad about FTX, Sam Bankman-Fried or alameda research.
CEO of Binance announced that they will be selling their ftt tokens (do your own research on twitter to learn more).
If we see more FUD in the near term, it may result in a big drop. So far support holds.
Short it only if key support breaks.
Don´t forget to place a stop loss.
Target: 10 $
Make a note that this trading idea is likely to happen only if we see more FUD regarding FTX insolvency or anything bad about FTX, Sam Bankman-Fried or alameda research.
Trade active
As expected, due to increasing number of FUDs regarding FTX insolvency , the price broke down and is heading towards the target. We recommend booking the profit on the way down and continue the trade with a trailing stop loss. Good luck and bye bye FTX
Trade closed: target reached
Target reached.Don´t buy FTT. FTX exchange most likely is dead now.
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