Chibuike_Odoh

CHRUSDT { CHROMIA } - BULLISH SETUP

Long
BINANCE:CHRUSDT   CHR / TetherUS
ANALYSIS πŸ”Ž
- CHRUSDT hit an all-time high and retraced.
- Price is retesting the flip horizontal support.
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing an ascending triangle pattern at the breakout region.
- This is a bullish build up pattern.

BUY ENTRY ⬆️
- Breakout above the ascending triangle resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).

SETUP INVALIDATION ❌
- Breakdown below the flip horizontal support.

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