Getting closer to its annual lows, $CHZ is establishing newer supports—this is the chance we've been waiting for.
Newer supports are being established by CHZ in the annual lows where the majority of holdings have accumulated. Instead of trading altcoins that have begun their surge phases, we are engaging in some day-swing trades that might yield larger rewards.
This is the reason.
The severe decrease that CHZ has experienced is currently occurring at the same time that the majority of customers who were waiting for the reduced prices of it have mostly consumed the selling pressure. We're now keeping an eye out for potential supports and taking chances by making snipe entries. Stricter risk management procedures are also in place, along with profit security measures, to keep them from becoming nothing more than stones. Since we are keeping a careful eye on this altcoin, we will respond appropriately to whatever reaction it displays following this support. We shall exercise patience and ascertain that there are confirmations from these levels as soon as the bullish divergence appears. We have already increased by 6.34% since our recent entry, which may cause us to hit the resistance above the 0.0633 retested zone.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
