SpartaBTC

CHZ / BTC Falling Wedge. Pivot zones for work.

BINANCE:CHZBTC   Chiliz / Bitcoin
After the pump, a downward wedge formed, the price almost reached the zone of potential reversal, or at least accumulation.

TARGET.
In the trading idea, I showed only a potential first move to take profits. A coin can go up much more in short-term movement. They can pump up hundreds of percent, but only for a short time! All this is done thanks to the satoshny price, 3 exchanges where it is traded and relatively small capitalization.

When trading such coins, always remember - greed begets poverty!

The coin was created only for speculation, it must be understood, the satoshny price is also not random.
Coin only for trading is not for holding!

The legend of the project.
And again scam Binance exchange which "does not post" fraudulent projects on its site. The legend of this project, Chiliz, creator of Socios.com, aims to give sports fans and cyber sports the opportunity to manage their favorite teams, games, leagues and events.

ENTRANCE.
Entrance only when a downtrend line breaks (downtrend resistance line, red line)!
You also need to understand that after breaking through the descending wedge line, an accumulation channel of 40-50% can be made.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
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