Long

CHZUSDT Price Action| Swing Low| Trend| Volume

Evening Traders,

Today’s analysis – CHZXUSDT – trading above its current support level where a deviation to the highs is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Range High Resistance
- Low Volume

CHZUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias.

The Range High is the immediate resistance, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx is highly imminent when testing a key trade location.

Overall, in my opinion,CHZUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember.

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota

The_Alchemist_Trader_

Join the Free Trading Group

Telegram: t.me/freetradingden 🔥

Unlock Blofin Bonuses

Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁

Stay sharp, trade smart.
— Team The Alchemist ⚔️

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

The_Alchemist_Trader_

Also on: