CHZUST trade ideas
Trading opportunity for CHZUSDT ChilizBased on technical factors there is a Short position in :
📊 CHZUSDT Chiliz
🔴 Short Now 0.2688
🧯 Stop loss 0.2910
🏹 Target 1 0.2500
🏹 Target 2 0.2210
🏹 Target 3 0.1800
💸Capital : 1%
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CHZ 4h 22-sepCHZ is at a resistance zone from previous high. Trying to break that resistance but volume is diminishing, so I think it not going to make it. Also BTC and equities are down because of strong dollar
I'm entering a short position:
- Price at resistance zone
- High volumen but diminishing. So upward movement losing strength
- Entry point at 0.2466
- SL 1 ATR above local high at 0.2705
- TP at 0.1345, where is a support zone (resistance turn support) from june
Chiliz heats upCHZ 4hr shows a 90% capitulation bottoming of the cooling off from its parabolic move which peaked at around 0.95 in March 2021 Still at a nice discount price is at local resistance and will need to breakout here to confirm further momentum With the successful chain 2.0 Scoville testnet well underway a growing user base and partners lining up for the incoming benefits of Chain 2.0 we have been scale entry buying into CHZ A breakout here at the 0.25 area could see a nice move upward into the next resistance 0.40 with next target area 0.60 then 0.90 over the next few of months
CHZUSDt is creating a rising WedgeThe price is creatign a rising wedge above the daily resistance (0.22$ area)
and now the market is trying to hold the support.
Hot to approach it?
IF the price is going to have a breakout from the rising wedge and daily support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐