$CHILLGUY on the Road to Recovery! 🚀
"Guys, an interesting shift is emerging on the CHILLGUY/USDT 4H chart. The price has made a strong comeback from the 0.01012 support level and is now attempting to break above all major EMAs (9, 21, 50)
If the price stabilizes above 0.01140, we could see a massive Bullish Move. The RSI is currently neutral, suggesting there is plenty of room for upward momentum! 📈
#Crypto #Trading #Binance #CHILLGUY Trade Setup (Strategy for Binance)
1. Entry Point
Conservative Entry: Wait for a 4H candle to close above $0.01145.
Aggressive Entry: A small position can be taken at the current price of $0.01135.
2. Take Profit (TP) Levels
TP1: $0.01219 (First major resistance)
TP2: $0.01285 (Recent local high)
TP3: $0.01315 (Near the 200 EMA)
3. Stop Loss (SL)
SL: $0.01040
(Placed slightly below the recent low to protect against market volatility and "fakeouts".)
Important Pro-Tips for Binance Users:
Leverage: If trading Futures, stick to 3x – 5x leverage. This coin is highly volatile, and high leverage increases liquidation risk.
Risk Management: Do not allocate more than 3% – 5% of your total portfolio to this single trade.
Volume Watch: A breakout above 0.01140 accompanied by high volume will be a strong confirmation of the bullish trend.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile. Please do your own research (DYOR) and use proper risk management. Trade at your own risk.
$CHILLGUY