FTTUSDT - Time to take entry?/Trading strategyBYBIT:FTTUSDT
4H trend chart
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FTT is forming a triangle and approaching to the end of it.
If price can keep breaking out this downtrend line without long upper shadow line in 4H chart
It's a nice timing for entry, and trading strategy as below
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Profit Targets:
a) 61.9----Fib(1)
b) 65.71~67.25----Fib(1.272~1.382)
c) 75.9----Fib(2)
Stop losses:
a) 53.71-----Red horizontal ray
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FTT
SRM spot longHello everyone. Setup for SRM . Please don't use futures for this . Too much funding . As you can see TF - 12H and that can take some time for price to get level.
FTT the SOL adopted son.Looking to collect a decent amount of FTT on the box for a long term, also Im looking to speculate every white line, also every intersection of white lines and trend lines (black lines) will really indicate where the market is gonna move.
a great chance to be hopefully?
also when it drops, forget the bears talking about bear market, there is always a bounce and there is always profit taking, meanwhile if the bleeding was slow below the rectangle i would decrease my position and layer some bids from lower white lines
salute mon amies.
BTCUSD SOLUSD SOLANA FTT
SOL short to $126- bearish divergence FSVZOI usually don't short Sam's coins but SOL short opportunity is too good to miss. Huge bearish divergence on FSVZO and failure to break strong resistance at $180 makes this a low risk short. I'm in a moderate leverage short position. Expecting this to go down to $126.
LONG FTTPERP FROM 47 TO 50 TARGET 110FTTUSD has both fundemantals and technicals on his side.
Technically 47 when it will hit and bounce at 47 usd ftt will be having it's double bottom on the the overall pullback from 83.
technically a bounce from 47 usd area can lead us to the target area 120 to 130 USD.
but hey it's crypto, then fundamentals say this:
sam bankman is now free to pump ftx coin. Why? because he bought back binance dominance in ftx; if binance went from 9 usd to 500 usd with all the fuds against CZ I only wonder where Sam bankman will take his coin. In my opinion it can go far way beyond 1k by next year. Noticed how FTT pumped since they bought back binance shares in FTX?
So what's the plan?
I personnaly bought a lot of ftt on and i'm also trading a small part on margin. My Margin long will be 5X around 47 only if price bounces when it hits that area. If price goes UP from here ? no worry i'll buy at market at 52 and wait. the only problem will be fees.
Bearish scenario? Only if price BREAKS below 47 and goes to 1.618 area which is 41, and from 41 if we don't get the strongest rally in crypto's history then ftt is worthless.
what's the strategy from now? Wait today and tomorrow either 3 scenario happen
1. Hit 47 and bounce we buy after bounce around 48. don't buy before you see any reaction it would be gambling.
2. Price rallies from here this area at the moment of publishing is the 78% fibs from 47 usd to 60, then same strategy just fomo in or wait for a small pullback at 5min if you're too cautious
3. it breaks 47 USD and no reaction please wait 41USD and watch the reaction, something surprising might happen.
When take profit in case of pump? December baby, let it roll up down until december and just take profit at the end of the first week of december , we might miss out but better miss a few than see your profits melt.
Good luck to everyone
FTT/USD TRADE SETUP. FTT is looking good for an entry. Broke out of the falling trendline and was done with the retest. Expecting 20% to 30% gain from the entry.
Enter: $54.396 to $55.922
Stop Loss: $51.133
Targets:
$59.972
$63.597
$67.106
$70.923
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
#FTT overview 1DAfter hitting exactly 1.272 extension on the first bullish move, currently bouncing from the 0.382 fib retracement level and heading towards the critical level of 62$.
In the worst scenario we an continue correcting towards 0.5 or 0.618 fib levels ,respectively 43-36$ levels, which would give chances to load our bags for the next big swing long waiting us. I believe 1.618 levels or 120$ will be reached soon.
FTTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price is moving upwards, after the fall, by hitting the support line, and if it breaks the resistance line and stabilizes above that, it can reach our target.
But in case of dropping below the support line, we consider a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
FTTUSD going down to next supportFTT token is my fav of the utility tokens. Over the past few days, it held support levels around $60.
With that broken, I see the next support level to $52 almost matches the fib level here.
The market is very choppy and indecisive for me, so I am just placing my limit orders at $52 and patiently waiting.
(Disclaimer - not financial advice)