FTT: Unraveling implications of recent drawdowns on technicals

FTT’s bearish break below the $28.7-level led the alt to retest and eventually breach the $25-support (now immediate resistance). The recent patterned break took a plunge below the seven-week trendline resistance (white, dashed) on the 4-hour timeframe. A compelling close below the $25-level could expose FTT toward a downside before any bullish revival chances. Due […]