MyCryptoParadise_Simon

CHZ/USDT Bullish Horizons from Key Support? 👀🚀CHZToday Analysi

Long
BINANCE:CHZUSDT   Chiliz / TetherUS
💎 Paradisers, let's turn our attention to CHZUSDT as it exhibits a promising setup. Currently anchored at a crucial support level, it is signaling a potential bullish trajectory.

💎 Examining #Chiliz's recent performance, it has effectively broken above a descending channel and is now maintaining its stance above the key support level of $0.08354. Should CHZ continue to exhibit strong momentum above this level, we could see it aiming for the higher resistance at $0.09488, indicating a strong bullish inclination.

💎 Nonetheless, it's always wise for sagacious traders to have a contingency plan. If #CHZ fails to hold above the $0.08354 support, a shift to Plan B might be necessary. This would involve focusing on a bullish recovery from a lower support level at $0.08149. Importantly, should CHZ fall below this secondary support level, it could signify the beginning of a steeper downward trend.

Trade closed: target reached:
💎 Boom! #CHZUSDT is doing just what we said. Up 15.41% and looking good!
Comment:

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