$FTT Play
FTX may be done but the ecosystem is still exigent and interesting...
Long accumulation period at the bottom and little movement with the L1 narrative ?
Opportunity....
FTTUSDT has been rejected from the 100 SMMA on 8h - momentum is weakening -
Seeing a price collapse with resistance becoming the band between 20-50 SMMA until finding support in the blue zone, where expect to see some reversal.
Options to play this:
> Sell into the resistance 20 SMMA and buy deep reversals to multiply your upside on the drift down
> Aim to catch reversal zone
Invalidation is easy - 1-2 SD's over 8h upper band.
Long accumulation period at the bottom and little movement with the L1 narrative ?
Opportunity....
FTTUSDT has been rejected from the 100 SMMA on 8h - momentum is weakening - Seeing a price collapse with resistance becoming the band between 20-50 SMMA until finding support in the blue zone, where expect to see some reversal.
Options to play this:
> Sell into the resistance 20 SMMA and buy deep reversals to multiply your upside on the drift down
> Aim to catch reversal zone
Invalidation is easy - 1-2 SD's over 8h upper band.
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