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Chiliz (CHZUSD USD) Trade Signal (INTRA DAY)
Instrument: CHZ/USD
My opinion: Buy Stop
Entry price: $0.111
Stop: $0.100
Target: $0.130
Our risk setting: 1%
RRR: 1:2
NB: We will close this pending trade if not triggered within 20 hours.
Chiliz (CHZ) Buyers May See More Gains as Tailwinds Push Prices Higher
The price action has extended the upside correction initiated two sessions ago, with today's trading bringing a significant increase to this token. Signs suggest that the price movement may advance even further upwards, potentially allowing bullish traders to take in more profits.
The CHZ Price Action Picks a Nearby Target at the $0.1100 Resistance Level
Today's trading session recorded profits in the Chiliz market, suggesting that buyers may be eyeing the next psychological resistance at the $0.1100 mark. Considering technical indicators, this seems like a nearby price level that may be reached with a higher probability. The session continues above the middle limit of the Bollinger Bands.
