FTT long set up
BTC have had a strong 15% rally at this point to close above 61k -> likely breather
Two options:
1- BTC ranges and FTT reclaim $58 range and close a 4h candle
LONG at $58, Target 1 at [60-62] range, Target 2 at $72 dollars and target $82 and New all time highs
Invalidation at [56 pending this is the local bottom] if stopped and get back above $57 then LONG again
2- Long range lows: Triangle forming: If BTC correction happens then FTT will also see a one. If then it retests the range [54.7-57] and
reclaims $54.7 (4h close) then LONG with Target 1 range highs at 57 and then the rest of the ranges covered in scenario 1
Invalidation at $52
Two options:
1- BTC ranges and FTT reclaim $58 range and close a 4h candle
LONG at $58, Target 1 at [60-62] range, Target 2 at $72 dollars and target $82 and New all time highs
Invalidation at [56 pending this is the local bottom] if stopped and get back above $57 then LONG again
2- Long range lows: Triangle forming: If BTC correction happens then FTT will also see a one. If then it retests the range [54.7-57] and
reclaims $54.7 (4h close) then LONG with Target 1 range highs at 57 and then the rest of the ranges covered in scenario 1
Invalidation at $52
Penafian
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