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Chiliz / TetherUS PERPETUAL CONTRACT

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CHZUSDT.P trade ideas

CHZ trying to break the resistance area in frontThe "red" zone I consider a resistance zone, in the past acted as a good support. So the risk is now it will behave as a good resistance area. But with the current BTC going up and dominance going down, the market sentiment is green so Its a good chance the resistance area will be broken. My plan is to open a LONG position now, SL at around 0.12350, add to the position when its clearly breaking 0.13, and have the following TP levels: 0.1455 / 0.1543 / 0.1645
Long
by psineagra
CHZUSDT is testing the key level againCHZUSDT is currently testing the dynamic resistance at around $0.1170. This area has previously acted as a strong resistance level, with the market experiencing rejection from the 0.5 Fibonacci level. In order for traders to consider new short positions, the price will need to break below the key support level of $0.1140 and create a retest of this level. Following Plancton's rules, a successful retest of this level would indicate a potential opportunity to enter a short position with a target profit level in mind. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
CHZUSDT is testing the supportCHZUSDT is testing dynamic resistance after experiencing rejection at the 0.5 Fibonacci level. The price is currently hovering near a critical support level, and if it fails to hold, there is potential for a significant drop in price. According to Plancton's strategy, traders may want to consider setting an order if the price loses support. It's important to note that the different colored structures indicate different timeframes, with the purple structure representing the monthly chart, the red structure representing the weekly chart, the blue structure representing the daily chart, the yellow structure representing the 4-hour chart, and the black structure representing the sub-hourly chart. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip