FTT/FTX PERSONAL ANALYSIS IN THE LONG TERM

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Chart shows common supports and resistances based on the Fibonacci and price action. The FTX/FTT coin evaluation is bullish. The long strategy revolves around respecting retracement levels and buying on previously "tested" supports which have huge buyer interest. As you can see the strong support above the red zone is mainly sought as a buying opportunity by speculators/investors. Furthermore, the price action is quite identical to BTC which means it is overall bullish in the longest term.

You may long on designated buy orders, but do not buy obviously on resistances despite being bullish in the long term since you might not be maximizing your profit efficiency.

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تم فتح الصفقة

Due to the positive news of FED today, the move to the upside is more likely now than approaching the 24$ range however the resistance near the 55-70$ is still a major resistance until proven otherwise. Happy Longs Everyone!