Downloading...
CHR / TetherUS
Long

CHRUSDT is testing the daily resitance

517
The price is testing the neckline of the M pattern on 0.67$ on the 0.5 Fibonacci level.
The price bounced on the daily support on the 0.46$ and respected the dynamic resistance on the daily timeframe

How to approach?
the price needs to have a breakout from the 0.70 area and confirm the breakout, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

–––––
Follow the Shrimp 🦐

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.