FTX Token is trying to break out of this falling wedge (yellow) and may be forming Inverted Head and Shoulders🤷 on the Daily timeframe. If price breaks the falling wedge upper edge and then the Neckline I think there is chance for run to 68 and even higher. Actually in anticipation of this happening I'm already looking for buy signals on lower timeframe (2h) and I see another potential Inverted Head and Shoulders in the making:

Once the Neckline of this smaller iH&S (2h)☝️ is broken I will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above) as shown on the 2h TF picture.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Once the Neckline of this smaller iH&S (2h)☝️ is broken I will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above) as shown on the 2h TF picture.
- ENTRY: Backtest of the broken Neckline (2h) @ 43.5
- STOPLOSS (SL): Right Shoulder (iH&S Daily) = Head (iH&S 2h) @ 37.3
- TARGETS (TP): Inverted H&S target projections @ 49.5 & 68
- REWARD RISK RATIO (RRR): 1 & 4
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
交易結束:達到停損點
Stoploss hit 🛑The 2nd half of the trade didn't make it to the Target2 and now just reached the SL. So in summary it was just small loss.
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