$FTT : That Bounce Was Loud! But Is It Real?
Let’s not kid ourselves — this one got spicy.
$FTT just pulled a slick move, rocketing from $1.10 to $1.33, and is now cooling off around $1.22 (+8.12%). The candle was juicy, but now the real test begins...
Here’s what stood out to me:
Support bounce at $1.1059 — textbook move, but the wick to $1.3380 feels like a liquidity grab.
Volume’s solid: 8.03M FTT traded — not small change.
But the order book? 57% sellers vs 43% buyers. That’s some hesitation right there.
Short-Term Signal?
That last green candle looks like bulls trying to recover from a bleed. If we see consolidation above $1.20, it might build for another breakout — but caution is key here.
Zooming out:
Up +43.97% in 30 days
Still down over -37% in 90 days
This ain’t a trend reversal yet — just a potential bounce play.
What I’d watch for:
Clean break above $1.25–$1.27 = entry trigger
Rejection at resistance? Could retest $1.15 or lower
Risk/reward only works when your entries are smart, not desperate.
No Cap, No Hype:
Please don’t fall for those “BUY NOW 10x INCOMING” folks. They’re just guessing and gambling with other people’s hopes. You want to win? Read the chart, not the hype.
Disclaimer: This isn’t financial advice. I share insights based on charts, not dreams. DYOR. Always.