Everything looks set for FTX to pop out of the current $2.60 region to reclaim $3 and possibly higher. Few days ago I shared my larger time frame analysis which sees the price of FTX coin
FTTUSDT
going all the way back above $6.
Today, I’m looking at the lower timeframes and I think the opportunity is present for traders to nibble some profits as the price moves up. 24 hour trading volume has gone up for the trading pair and I expect this to continue trending upwards.
The main threat I can see to this playing out is if we see an unexpected dip in the market leader, Bitcoin
BTCUSD
over the course of this play.
(If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking FTT is headed and what coins I can look at next)
FTTUSDT
going all the way back above $6. Today, I’m looking at the lower timeframes and I think the opportunity is present for traders to nibble some profits as the price moves up. 24 hour trading volume has gone up for the trading pair and I expect this to continue trending upwards.
The main threat I can see to this playing out is if we see an unexpected dip in the market leader, Bitcoin
BTCUSD
over the course of this play. (If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking FTT is headed and what coins I can look at next)
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t.me/theblueinvestor
✅️ PRICE ACTION COURSE:
theblueinvestor.com/courses
📈 PRIVATE COACHING:
theblueinvestor.com/coaching