$FTT /USDT: FTX Token Pump - Trap or Reversal?
+17.51% today = suspicious pump. -2.91% weekly, -28.86% monthly. Ripped from $0.3021 to $0.3844, now at $0.3571.
The Play:
📉 SHORT Zone: $0.3650-$0.3750 (rejection zone below ATH)
🎯 Targets: $0.3400 | $0.3200 | $0.3013 (24h low)
🛑 Stop: $0.3850
OR if breakout continues (high risk):
📈 BUY Zone: $0.3500-$0.3571 (support hold)
🎯 Targets: $0.3750 | $0.3850
🛑 Stop: $0.3350
Brutal Stats: Volume 1.67M USDT. Spiked to $0.3844 - massive rejection wick. Above both MAs but overextended. 90-day -53%, 1-year -81% = REKT.
FTX collapse bagholders getting exit liquidity?
⚠️ DYOR - FTT up +17% today but don't forget context. This is the COLLAPSED FTX exchange token. Down -81% in 1 year, -53% in 90 days. Spike to $0.3844 rejected hard. These pumps usually trap late buyers. Highly manipulated token with bagholders desperate to exit. Trade with extreme caution.
Risk Level: INSANE 🔥🔥🔥🔥
#FTT #FTTUSDT #FTX #CryptoTrading #DeadCatBounce