FTT just pumped 62% in a short-term rally, triggered by buzz around "SBF seeking a Trump pardon." Keep in mind: this kind of surge is more about event-driven moves and sentiment trading, not a reflection of any fundamental improvement in the project.
The historical baggage of FTX is still hanging around, and the truthfulness of the news, the speed of developments, and regulatory attitudes can all amplify volatility. Before chasing the pump, ask yourself: are you trading on certainty, or are you riding a highly sensitive narrative?
Watch the volume, the pullbacks, and the confirmation of the news; don’t mistake this news impulse for a long-term reversal. $FTT #FTX #crypto market
The historical baggage of FTX is still hanging around, and the truthfulness of the news, the speed of developments, and regulatory attitudes can all amplify volatility. Before chasing the pump, ask yourself: are you trading on certainty, or are you riding a highly sensitive narrative?
Watch the volume, the pullbacks, and the confirmation of the news; don’t mistake this news impulse for a long-term reversal. $FTT #FTX #crypto market