What is $CHZ? We are the leading blockchain-based sports & entertainment tokenization platform.
Fundamental Analysis,
Socios.com partnered with UFC, which was taken very positive from community
Recently $CHZ got listed in several exchanges (HBTC, CoinDCX)
Socios app which is the main engagement app expecting plenty of new features in June. As per CEO's tweet.
A new FTO (Fan Token Offering) is coming for FC Barcelona. $BAR (this is the main bullish news to take this trade)
Currently JUV (JuventusFC) token has seen and impressive growth of over 50% within last month. Something I regret for not buying under 400 $CHZ
Trade Idea 1,
They just broke out of 106 sat area which was holding a strong resistance, then went to test next resistance level at 123 sat, and got rejected. I'm expecting it to come back to 106 and flip the level to be a support. So I'll place 50% of my bids at this level.
Trade Idea 2,
There is a local resistance forming around 114 - 115. If BTC stays stable this might keep hold, if not will go towards retesting. So I'll set my next bid here at 114.
Stop loss
I will place my SL at 102/98 sats respectively, expecting those local resistance to hold in case BTC wants have squeeze.
Take Profit
Based on Fibonacci levels in the chart
This is not financial advice, DYOR.
Risk management is your responsibility.
Fundamental Analysis,
Socios.com partnered with UFC, which was taken very positive from community
Recently $CHZ got listed in several exchanges (HBTC, CoinDCX)
Socios app which is the main engagement app expecting plenty of new features in June. As per CEO's tweet.
A new FTO (Fan Token Offering) is coming for FC Barcelona. $BAR (this is the main bullish news to take this trade)
Currently JUV (JuventusFC) token has seen and impressive growth of over 50% within last month. Something I regret for not buying under 400 $CHZ
Trade Idea 1,
They just broke out of 106 sat area which was holding a strong resistance, then went to test next resistance level at 123 sat, and got rejected. I'm expecting it to come back to 106 and flip the level to be a support. So I'll place 50% of my bids at this level.
Trade Idea 2,
There is a local resistance forming around 114 - 115. If BTC stays stable this might keep hold, if not will go towards retesting. So I'll set my next bid here at 114.
Stop loss
I will place my SL at 102/98 sats respectively, expecting those local resistance to hold in case BTC wants have squeeze.
Take Profit
Based on Fibonacci levels in the chart
This is not financial advice, DYOR.
Risk management is your responsibility.
Trade active:
As BTC was trying to move up, bids at 114 was easily filled. While bids at 106 was missed by a sat..
Risk level of this trade has now become high with BTC volatility.
This is not financial advice, DYOR.
Risk management is your responsibility.
Risk level of this trade has now become high with BTC volatility.
This is not financial advice, DYOR.
Risk management is your responsibility.
Trade active:
123 sat TP was met, 25% was sold
SL - at entry
SL - at entry
Trade active:
137 & 150 sat TP both done, another 50% sold. Release of BAR Fan token might push this more up.
SL at 137 sat
SL at 137 sat
