CHR/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.5564, 0.5932, 0.6097.
Key Support Levels: 0.5113, 0.4944, 0.4920.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 0.5099 USDT mark. So the break of the structure shows that there is a potential of a reversal and a move to the upside.
CHR/USDT (Futures) Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the accumulation phase to the upside where we can see a strong positive moment. A lower correction to the bespoke support before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 0.5112
No Target Profit –> Trailing Stop
Stop Loss @ 0.4871
Trade Safely 🙂