Technical analysis by fortune_00 about Symbol FTT: Buy recommendation (5/8/2024)

FTT reacted well to the psychological support of 1usd, it's all time low!Price pumped agressively to 6usd in a few weeks and came into a downtrend ever since. But price seems to be willing to make a change of trend, and it broke out from a diagonal resistance. Currently not yet giving us a CHoCH. But I like what I see in the chart. And anything below 1 usd seems to be a good stop loss point, I wouldn't mind getting in a long if the price goes down to 1.45,1.5 usd.Let's see if FTX coin comes out of the dead for no reason.Price currently in a sweet spot! Although it hasn't touched our entry point. If so, I can see a string upward movement from there.