You can see the previous chart and the massive dump after that. A similar pattern is formed again but seems like it had a breakout, however the breakout might be fake and this current pattern can be a reversal one. But on the other hand, it also seems like a cup is being formed. You may want to wait. If we see the price back to the bearish pattern you should be extra cautious, but if the price reaches the previous high we can enter after the handle is formed around 3$ can be reached before a bullish move. But if the first scenario plays out FTT will reach a new ATL.
*Chart is inverted
*Chart is inverted
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.