Significantly, the FTT rate has transitioned into a stable uptrend on the weekly time frame. For the first time since the #FTX scam.

The last transition of the asset into a stable uptrend was back in August 2021. This was the second transition into a stable uptrend in the last bullish market, and the perfect time for selling was clearly highlighted by our indicator (if it had existed then) - the first week of September 2021, where the asset's ATH was set at $85.74.

Our last purchase of FTT was in October 2023 at a rate of $1.27, just before the pump to $6. But we were stopped out on the way.

After that, we vowed - the next purchase of this asset will be the last, without a stop and only with a strong reversal signal. This strong signal has been received, so we buy.

#FTT - 'zombie asset'. Fundamentally, we shouldn't expect much from it. Even payments to creditors beyond the debt do not promise anything good for the asset. Because there have been and are no announcements specifically regarding FTT from the custodian. This purchase is purely based on a technical signal. Considering the start of a global alt-season in a bullish market. And taking into account that Binance still has volumes of this token that need to be realized (as in the case with #LUNC). We buy an amount we are not afraid to lose.

The spot trade was opened at $3.2403. Most likely, we will see the price lower again; the picture on the daily time frame indicates a potential high signal.

Therefore, the first purchase was made with 50% of the allocated deposit. An order to buy the remaining amount is set at $2.6. An alert is set for a potential low on the daily time frame in case the price doesn't reach that level. Then we will buy more manually.

What is the goal? Ideally, to cover the dump of November 2022. Starting from $23.9. To create a large 'Inverted Bart Simpson' 😁. Or at least to test the 200-week EMA, which is currently at $16.6 and continues to gradually decline. If the goals turn out to be higher - we will close above. We will wait for reversal signals on higher time frames. For now, the preliminary guideline for the asset's high in this cycle is March-May 2024.

An important confirmation of the start of the idea with growth will be the closing of the weekly candle body above the 50-week EMA.