It's been a patient wait for this Chiliz trade but I think we're at a trend reversal here.
My reasoning:
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My reasoning:
- Location: Reload zone, sitting right on the 0.705 fib
- Structure: Higher low formed. Would like to see a "W" form here for higher confidence
- Divergence: The 2nd OBV div on the chart, making me think a reversal is near. Confirmed histogram div and stupid willy.
- Trend: Broken through the bearish trend line, entering a brief accumulation period.
- VPVR: Hole in volume above 120 sats and below 93 sats. If we fall from here, moving to fill the gap at 62 sats is likely.
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Trade active:
Really like this big div in OBV on the 4hr. Combining this with the trend line break gives me a higher level of confidence in the trade.
Trade closed: target reached