Coinathlon

Chromia buy opportunity

Long
BINANCE:CHRUSDT   CHR / TetherUS
- Overal market structure is bullish with higher highs and lows
- Touched the trendline that dates from late september 2021
- Faked the green support zone
- Bullish candles: bearish body with long lower wick followed by bullish engulfing and three white soldiers . This made for a good move last time around (compare the blue arrows)
- MACD crossover about to take place
- Broke above the 50 EMA

Setting my SL just below the EMA . Taking the $0.93 level as a conservative target. Where the $1.42 level is a more aggressive target. Given the state of the market I would advice caution though when taking this trade.

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