FTX
Ethereum Classic---Short idea---$ETCETC acts as a mimic for anything related to Barry
now that there is a fear of further contagion re: Genesis, it being attached directly to Barry might fetch us this move fundamentally.
Also, technically it looks cooked just like other crypto.
I'm not in yet, but will soon be!
Good Luck!
Small Buying opportunity in Bank NiftyAll the levels are marked on the chart
When the price comes to our point of interest (If at all )
--> One can short 41400 PE with (40000 CE as hedge to reduce margin)
-->Entry level :41380 spot
-->SL level :41300 spot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Long FTT against USDTLooks like FTT against USDT broke out of an ascending triangle. Target out of the triangle is $68. Let's go🚀!
This is my publication #21. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
💡 Don't miss the great buy opportunity in FTX Token/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FTX Token/USDT FTTUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 12.95
TP2= @ 14.15
TP3= @ 15.75
TP4= @ 17.75
TP5= @ 20.00
SL= Break below S2
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