FTT has reached the second entry point. The order was executed, although we began to think it wouldn't make it. With 50% of the allocated deposit for #FTT, we bought it at 3.2403$ 9 on December 3, 2022, and placed a buy order for the remaining 50% at 2.6000$ . In total, the average entry price is $2.9201.

Let us remind you, on December 9, the FTT rate transitioned to a stable uptrend on the weekly timeframe, and that was when we bought this "zombie asset." As much as it doesn't regret, on the spot and without a stop.

Next, either a move towards 16$ (where the EMA 200 of the weekly timeframe and EMA 50 of the monthly timeframe are currently located) and above, or a scam. But, considering the start of the altseason, it's more likely the former. Also, payouts to the exchange's creditors will still make some noise. Although in terms of the future of the token, they shouldn't affect it, as a reason for asset growth - it will fit. Binance still has to unload this asset into the market from its reserves at an acceptable price.

It will be interesting to see if the idea of covering the imbalance from the November 2022 dump will work out. And to unload its remaining assets, purchased even before the FTX scam. Alerts on the monthly timeframe for a potential cycle high have been set.

On the daily timeframe, the asset has a second (out of three) signal of a potential low. And the approach to the EMA 50 of the daily timeframe (currently at $2.4582). There are chances to test it. Further, with a favorable outcome, we expect a reversal.