FTT is heading to 60$, 72$ and 96$ zones in this October and November. But if it loses this 52$ zone, we will wait to buy it back at 44$ zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 52$ zone
🔴Buy : 52
🔴Sell : 60 - 72 - 96
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 52$ zone
🔵Sell : 52
🔵Buy : 44
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
FTX Token is the utility token of the FTX ecosystem. FTX is a crypto-derivatives exchange built by Alameda Research, a cryptocurrency liquidity provider.
FTX serves different functions in the FTX ecosystem. The most prominent ones are lower trading fees on the FTX exchange, various OTC discounts for token-holders, and its eligibility as collateral for derivatives trading.
FTT token-holders can receive socialized gains from FTX's insurance fund, which is governed with a clear policy to prevent any sort of perpetual growth.
Similar to BNB, FTX's supply is also reduced gradually via a weekly repurchase and burning mechanism funded from the fees collected by the exchange.