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FTTUSDT trade ideas

Ftx token ( FTT)Ftt usdt Daily analysis Time frame 4hours Risk rewards ratio >2.5 👈👌👈👈 First target 4.5 $ Second target 5.45 $ LS should have been chosen very close to the entry point (a little below the diagonal line), but in order not to be caught, I chose LS much lower, so that over time and as the price grows, I will also raise LS and make it risk-free. Good news has also been heard in cyberspace about the new management of the FTX exchange, which is paying off its debts, and this is a positive sign for the future this currency and it is likely to return to its original position, the price range before the problems it had with the Binance exchange. (20-25$)
Long
by Habib-Tafazoli
Breaking: Joe Biden Might Pardon Sam Bankman, Founder of FTXThe crypto world is abuzz with speculation that President Joe Biden could pardon Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX. Bankman-Fried, sentenced to 25 years for fraud and money laundering, remains a polarizing figure. This speculation is fueled by his substantial political donations to the Democratic Party, estimated to total hundreds of millions. These ties have sparked debate about the potential influence on Biden’s discretion to grant a pardon. Elon Musk’s commentary has added weight to these rumors, suggesting that such a move could distract from the upcoming power transition to Donald Trump, scheduled for January 20, 2025. Despite the speculation, platforms like Polymarket estimate only a 16% probability of a pardon, underscoring the general skepticism among political traders. FTT’s Resurgence Amid Bankruptcy Developments While political speculation swirls, FTX Token ( TSX:FTT ) has seen a remarkable 15% surge in value. This comes after FTX announced plans to begin creditor payouts in early 2025 as part of its Chapter 11 bankruptcy process. The court-approved plan will commence on January 3, 2025, with the first tranche of payments targeting "Convenience Classes" claims. The announcement has buoyed investor sentiment, pushing FTT’s price to $3.28 and its market cap to $1.08 billion, with trading volume surging 170%. Despite this positive step, FTX’s recovery journey remains fraught with legal and financial complexities. The company’s eventual revival hinges on asset liquidation and the resolution of outstanding legal issues, a process likely to take years. Technical Analysis of TSX:FTT FTT’s recent price action highlights a bullish reversal pattern, defying the broader crypto market’s bearish trend. Trading at $3.20, FTT has a bullish RSI of 61.77, signaling strong momentum. Key technical levels include: - Support: Immediate support lies at the 65% Fibonacci retracement level, providing a cushion for potential pullbacks. - Resistance: The immediate pivot is the one-month high. A break above this level could ignite a bullish rally, targeting higher resistance zones. FTT’s resilience amid market uncertainty suggests growing investor confidence, potentially driven by the promise of creditor payouts and speculation about the exchange’s future. Overview FTX Token’s value proposition has historically been tied to the FTX platform, offering benefits like fee discounts, staking rewards, and leveraged token creation. However, with FTX’s bankruptcy, the token’s utility has diminished. The recent price surge reflects speculative interest rather than intrinsic value, as the token’s future remains uncertain. FTT Token Overview - Launch: May 8, 2019 - Utility: Discounts on trading fees, staking rewards, and collateral for leveraged positions - Current Status: Associated with a defunct platform, under Chapter 11 proceedings Investor Caution While the recent rally is promising, investors should approach TSX:FTT with caution. The token’s price movements are heavily influenced by speculative trading and bankruptcy developments. Moreover, the potential for token liquidation to pay creditors poses a significant risk to its value. Conclusion The dual narratives surrounding Sam Bankman-Fried’s potential pardon and FTX’s bankruptcy proceedings underscore the complexity of the situation. For TSX:FTT , the path forward is uncertain, balancing speculative optimism against the harsh realities of a defunct platform. Investors should closely monitor legal and market developments to navigate this volatile landscape effectively.
Long
by DEXWireNews
FTTUSDT %378 Daily Volume Spike FTTUSDT has recorded a 378% daily increase in trading volume. To capitalize on this increase: I will closely observe the price movement toward the blue boxes on the chart. I will evaluate potential upward breakouts in lower time frames from these regions to identify entry opportunities. This strategy allows for careful monitoring and reduces unnecessary risk. Let me know if you want further edits or additions! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
Long
by UmutTrades
Fttusdt analizeAfter unbelievable crush down, in result of fighting between binance and ftx leaders , ftt is baned in white rectangle that you can see in chart. 2.8 in top and 0.85 in down I guess it will swing up and down in this rectangle while we hear a big news about ftx that makes pump up or down Without a big news we just watch the price is swiping up an down and its good for daily traders. My overcast has good risk/reward ratio as 5.5 and my target is 2.5$ for first step
Long
by Habib-Tafazoli
FTT is about to riseFrom the point where we placed the green arrow on the chart, it seems that FTT has initiated an ABC pattern or a more complex structure. Wave B also appears to be a triangle that is nearing completion. We expect FTT to soon enter a major wave C. As long as the green zone is maintained, it can pump toward the TPs. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
FTT/USDT: Preparing for a Potential BreakoutFTT/USDT: Preparing for a Potential Breakout FTT/USDT is forming an interesting setup as it approaches a critical resistance level. The price has been consolidating tightly, indicating that a breakout could be on the horizon. This could provide a good opportunity for those watching closely. Key observations: - FTT/USDT is testing a major resistance zone, which has previously acted as a barrier. If the price breaks above this level, it could lead to a significant bullish move. - Momentum is building, as indicated by improving RSI and MACD trends. - A noticeable increase in trading volume will likely confirm the breakout and show strong buyer interest. How to approach this setup: - Wait for a 4-hour or daily candle to close above the resistance to confirm the breakout. - Look for a potential retest of the broken resistance as support before entering to minimize risk. - Monitor volume; a breakout with low volume may not sustain. - Set a stop-loss below the breakout level to manage risk effectively. Potential targets: - First target: . - Second target: . Always remember to follow your trading plan, manage your risk, and stay cautious of fake breakouts. This analysis is for educational purposes only and not financial advice. Always do your own research.
Long
by Qaisrani-Trades
FTX Reorganization Plan Fuels $FTT Rally Amidst Positive OutlookFTX Trading Ltd., the embattled cryptocurrency exchange undergoing Chapter 11 bankruptcy proceedings, has announced significant progress toward its reorganization plan. With a target implementation date set for January 2025, this development has sparked renewed investor confidence, propelling the TSX:FTT token’s price upward by 13% in recent trading sessions. Reorganization Milestones FTX’s reorganization plan, approved by the Court, aims to facilitate creditor and customer distributions, marking a critical step in its recovery journey. Key updates include: - Distribution Framework: The initial distribution of recovered assets is expected to begin within 60 days of the plan’s enforcement. - Global Access: FTX has partnered with specialized distribution agents to ensure global customer access, requiring users to complete KYC verification and tax formalities. - Timeline: Final arrangements with distribution agents by December 2024. Effective date announcement by the end of December. Initial distributions set for early 2025, prioritizing holders of allowed claims in Convenience Classes. FTX CEO John J. Ray III emphasized the importance of the timeline, stating, “We are full steam ahead to reach arrangements with our distribution agents and return proceeds to creditors and customers as quickly as possible.” If successful, the reorganization plan could restore significant trust in FTX, potentially attracting a surge of new and returning investors. Technical Analysis: The promising update has significantly impacted the FTT token’s performance: TSX:FTT has surged 13%, continuing to trade within a bullish zone. The Relative Strength Index (RSI) at 66, indicates strong upward momentum without entering overbought territory, suggesting room for further growth. The token is trading above key moving averages, reinforcing its bullish trajectory. The bullish sentiment is further supported by market speculation that FTX’s ability to reimburse creditors could lead to a renewed influx of investor interest, bolstering the exchange’s reputation and operational capacity. Looking Ahead FTT’s recent price surge serves as a beacon of hope for FTX’s recovery, reflecting market optimism about its ability to execute its reorganization plan effectively. If the exchange successfully meets its commitments, it could not only restore trust among affected customers but also reposition itself as a formidable player in the cryptocurrency landscape. With the reorganization plan underway, TSX:FTT appears poised to continue its upward trajectory, solidifying its place as a key token to watch in the coming months. For investors, this may signal a unique opportunity to ride the wave of FTX’s potential resurgence.
Long
by DEXWireNews
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