FTTUSDT trade ideas
Does FTT go to zero?hi! I hope you are well
Note: Don't forget capital management and stop loss setting
Note: This scenario is probable and not certain.
Considering the negative news that has been published for this coin, it is better to consider this correction as a wave of great magnitude.
Due to the pessimism of this currency among traders and the exit of its investor, Binance, this currency can remain bearish in the medium term.
I have identified two important supports for the not-too-distant future.
🔥 CZ: The Mastermind That Brought Down FTX And Then Bought ItThe past two days have been a true rollercoaster. Please click the tweets for a full overview.
In short:
- FTX is closely related to Alameda, since Alameda provides a big part of the liquidity to FTX
- Rumors are spreading that Alameda has a hole in their balance sheet, FTX is potentially insolvent
- CZ adds oil on the fire by announcing the sale of Binance's FTT tokens
- Investors panic and remove their funds from FTX
- FTX actually goes insolvent, pulls liquidity from FTT and appeared to have stopped processing withdrawals
- CZ (CEO of Binance) steps in and signs an agreement to take over FTX for a fraction of the value it had a couple of days ago. Investors removed their funds, so it was a cheap acquisition of a company in distress.
CZ played 5d chess and won. GG.
FTTUSD ❕ important psychological levelBitDAO and FTX have settled the sale.
OKX founder urges CZ to stop FTT sale.
The token's fall has led to a decline in the crypto market.
The asset is oversold at the 4H Timeframe.
TD Sequential has formed a reversal signal upwards (30m TF)
I expect the asset to hold the psychological level and start bouncing back.
FTTUSDT 2 TargetAs you see, the first support zone gave nice reaction 20%
Now if buyer have power to test seller on resistance zone in area of ~22 ther are another enter the short.
If seller continuous pressure, then next support zone are 11+
and next one in between 6-5 $
feel free to comment or ask questions
FTT/USDT - November 08FTX token is falling very badly after some bad news. In this week there are lot of chances that it will break the 10.00 support and will be more low near to 5.00 .
There could be some pump but it will be for bull trap. It has broken it strong support area of 21 - 24 and now waiting for more dump but before that it will try to trap some buyers.
Only good news can push it up otherwise there are very low chances that it can go up.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Is FTT going to crash like LUNA? NEWS&Trading Volatility = $$ ?!FTX:FTTUSD FTX:FTTPERP
FTX:FTTUSDT
Short Technical analysis of where the current price of FTT is hovering around. Levels that need to hold
Is FTT Token going to crash like Luna did?
Is it safe to keep your funds on FTX
What does CZ from Binance say?
What is Sam Bankman-Fried from FTX saying about it?
What are other market players saying about it?
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
Huge volumes. Easy money!On the FTT coin there is a clearly formed level with 3 touches which has been relevant for almost half a year.Now the coin has super increased volumes, at which we have come to this level and begin to form a trade.I expect a rise to the level and accumulation to enter the impulse breakout.
FTT CZ DUMPING? Be smart.Hi Traders,
Lets discuss FTX/Binance drama of late.
- yes Alameda is an extented arm from FTX for shady manipulation and money making.
- Yes CZ has committed to dropping all FTT reserves
BUT
BANKMAN is still a big player.
CZ did not say how much FTT they have left to dump as it was also noted they have been selling for sometime.
IMPORTANTLY - CZ said this will take place over the next 6 months inorder to note impact markets in a dramatic fashion.
I am of the opinion Sam will be forced to buy back the tokens to keep FTX stable, also when retail are panic selling/shorting FTT we can make the reasonable assumption they will not win against the MM(s).
It is more likely FTT gets pumped from the $20 price point by FTX given the short liquidity will be attractive and also its in there interest to maintain price stability.
We should note the most important factor being CZ does not likely have ALOT of FTT left and is dropping them over months not this day.
FTX will likely mark up FTT inorder to take back coins from the market and also the heavy shorting bias.
LONG TRADE
ENTRY zone 20.4 - 19.7
SL 19.2
Price may hold the $22 line but i suspect we dip slightly first.
Goodluck,
Assetmastery
Are We Going Hawkish on FTX Token (FTT)Following the recent news of CZ announcing via his twitter handle how Binance received roughly $2.1 Billion of BUSD and FTT, hence will gradually sell off all their holdings on FTT due to recent revelations. Well, this doesn't say good about holding FTT. While the rest market goes up, we might see more of a decline movement for this token, so stay sharp and wait for the Breakout before reacting. 🍻
FTX Token (FTT) formed bullish BAT for upto 16.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of FTX Token ( FTT )
Previously we had a nice trade of FTT:
Now on a 4-hr time frame, FTT has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade