$CHZ/USDT 1h (Binance Futures) Ascending channel on support

Mar 15, 2021

Chiliz bullish continuation scenario, expecting a break-out of the triangle!

Mar 17, 2021

Trade active

All entries filled

Chiliz lost 100EMA and broke down the descending triangle plus the ascending channel.
That is not what we speculate on but there is still hope to bounce now a bullflag is forming.

So we decided to update the SL a bit lower (0.46559$) to give it some air to breathe since it's 1x, RR is 1:1.5 for TP1!

Mar 17, 2021

Order cancelled

CL at 2nd entry with -2.70% (1x)

I decided to cancel Chiliz in small loss because this is not the set-up I wanted to trade anymore.
It seems to have broken out but facing resistance right now, let's try to catch it another time!