FTT has been on a strong losing streak since it hit the all-time high last September.
With FTT falling through the last strong support, there's little holding FTT back from dropping any further. To reinforce my bearish bias, I think it would be ideal for FTT to re-test the prior support and turn it into resistance.
Long-term bear target would be the lows from the summer-21 bear market.
Thanks for sharing your idea !