XCH /USDT (Chia) Secondary trend. Channel.Logarithm. Timeframe 3 days Secondary trend. Zone of the horizontal channel.
Zone of the horizontal channel (accumulation of almost 1 year).
At the moment of publication the price has moved in the parallel horizontal channel of accumulation for 350 days (11.6 months) with the step of 108.4%. This is a good sign. Now the price is in the compression zone (the average price of this accumulation).
This is what this horizontal channel zone looks like on the line chart.
Stop Loss Zone. Rationality of the strategy .
I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel.
I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work.
Main Trend 3 day time frame.
XCH /USDT (Chia) Main Trend. Horizontal channel 11.6M