Chzusdt Trading opportunityWe've identified a possible rising channel in CHZUSDT, where the price recently encountered the upper trendline before facing rejection. This led to the formation of a temporary downtrend channel, labeled as abcde, which tested the bottom trendline.
The subsequent bounce near the bottom trendline suggests a potential continuation of the rising channel.
Targets have been set along the channel zone, ranging from immediate to mid-term levels, with a final setup target. To manage risk, it's advisable to consider the important support level as a stop-loss zone. Long positions should be closed if the price falls below this level.
Your feedback and insights on our analysis will be appreciated.