I don't use FTX nor I own this coin, however I know it's part of a very good ecosystem which is growing pretty well. It did almost 6x since past July's bottom and now has formed a cup. This can be a cup and handle with the handle as a descending channel but I've drawn it as a round handle to be sure.
I'd enter a third now and wait to see if it retraces more or if it starts to go up. Use my resistance line to assess when the pattern is breaking up, not second cup peak, it is also confirmed by VLPR.
Good luck and always set a stop loss, you never know!
I'd enter a third now and wait to see if it retraces more or if it starts to go up. Use my resistance line to assess when the pattern is breaking up, not second cup peak, it is also confirmed by VLPR.
Good luck and always set a stop loss, you never know!
Note
so, apparently the dip was a little lower than I anticipated but now it has started again to go up and the handle is set. If you wanted to enter this the bottom of the handle is past but you can pick up a 30% of your bag now and then wait to check as it moves. 11USDT would be a good price!
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.