FTT reacted well to the psychological support of 1usd, it's all time low!Price pumped agressively to 6usd in a few weeks and came into a downtrend ever since.
But price seems to be willing to make a change of trend, and it broke out from a diagonal resistance. Currently not yet giving us a CHoCH.
But I like what I see in the chart. And anything below 1 usd seems to be a good stop loss point, I wouldn't mind getting in a long if the price goes down to 1.45,1.5 usd.
Let's see if FTX coin comes out of the dead for no reason.
Trade active
Price currently in a sweet spot! Although it hasn't touched our entry point. If so, I can see a string upward movement from there.
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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.