$FTT currently has two trends.

One is a drop after 2.34 and then a sideways movement, with a spike to over 5 yuan in one day next month. This month is characterized by a long upper shadow hammer line that attempts to push the price higher.

The second is a sharp drop below 2.34, with a bearish monthly close. This month is primarily for profit-taking after a rise. Next month, there will be a further decline of 30%.

I tend to lean towards the first scenario, as there is a good chance of doubling in one day next month. For now, it's mainly a consolidation phase.

My skills are not high, so please don't criticize me if I'm wrong.