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CHR/USDT (Futures) Potential Upward Movement

CHR/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.3740, 0.3822, 0.3876.

Key Support Levels: 0.3455, 0.3370, 0.3169.

1-Hr Chart:

The price on the higher time frame found support around the area of confluence made of the support and the 61.80% Fibonacci retracement level. This could shows that the retracement is done it is time for a new impulsive wave toward the next key resistance level.

CHR/USDT (Futures) Medium-Term Trend: Bullish

5-Mins Chart:

On the lower time frame, we can notice that the price managed to break the bearish channel to the upside after finding buyers under the bespoke support. A lower correction could be seen to the mentioned support before a new impulsive toward the target profits.

Signal Idea:

Buy Limit Order @ 0.3567

TP 1 @ 0.3735

TP 2 @ 0.3822

Stop Loss @ 0.3483

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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