CHZ/USD Local trade. Pivot zone.

Logarithm. Time frame 1 day. Local trend. The reversal zone (price squeezed) in the descending channel.

After the rebound, the price is squeezed in a narrow zone of 124-144. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.


Risk management.
It's worth noting that the price of the coin is at a super profit, I've clearly shown this on the chart, which shows the entire main, long-term trend (the entire trading history). Consequently, when working on a coin, you need to keep this in mind and limit potential losses. Observe the risk management.


Secondary trend. Time frame 3 days.

CHZ/USDT Secondary trend

Comment:

CHZ/USD Main trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.

Comment:

from the breakout of 0.07425 the price fell by -44% to 0.0694496. Squeeze came out a little lower. From this level and reversal and consolidation in a narrow range under 0.080. The price pulled up to the downtrend line of the secondary trend. This decline has formed a descending wedge. Local % shown.