🔥 Hi friends! CZ, Binance CEO, said that going to sell their FTT (FTX Tokens) worth about $600 million. The tokens will be sold for 2 months to not manipulate the market artificially. The reason for conflict is the possible bankruptcy of FTX. FTX reserves in ETH fell to a two-year low of 108,000 ETH from 400,000 ETH just three days earlier❗️
✅ Finally, this story could end badly for the bulls. FTX is a TOP 2 exchange and if it collapses, it will be much worse for BTC🔻 than the case of Terra Luna❗️
✅ What happend to FTX and BNB in the 2-3 weeks? Here the 2 scenario for you to open the BEST trade👇
📊 THE FTX SETUPS 🔥The most negative scenario will be the falling of FTX below the current lows at $15. It can trigger the massive sells off. Why the worst scenario for FTX can happen? Another risk of a further drain on FTT tokens if Alameda fails to prove that it did not sell tokens to the Bybit exchange (BitDAO).
The BitDAO community has said it will vote on the fate of the FTT tokens it holds on its balance sheet unless Alameda provides proof that it continues to hold BIT tokens on its balance sheet as promised, rather than selling them into the market.
🔥The positive scenario if FTX still hold BitDAO and the price return to the $22-29 value area, where the whales and retail accumulate FTX tokens. In this case we can assume that everything is okay and should try to find mid-term entry point. There are always a lot of possibilities after such shakeouts.
đź“Š THE BNB SETUPS It was my scenario for BNB almost 1 month ago. BNB already make +36% and reach my targets. Take a look on the volume indicator. TThe volume is squeezing before the PUMP and it was the importnat precondition to opne a long.
🔥Positive scenario for BNB would be a close above the $337 key level. In this case the price continue to grow.
But if it close below the key level, it would be the false breakout and the price will fall to the closest support at $260-310 with high possibility. There we can wait for some price reaction and find the entry point to open a long/short.
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