CHILLGUY Looks Super Bullish (1D)
Note: This is a highly volatile meme coin. Risk management and capital management should not be forgotten.
It appears that a large-scale corrective wave has ended, and the price has entered a bullish wave of the same degree.
Recently, we observed a bullish CH (Change of Character) and a clean break above a resistance zone on the chart. Currently, the price is approaching a supply zone, and a significant amount of sell orders have entered CHILLGUY. A short-term correction is expected, after which the bullish move is likely to continue.
If the price reaches our marked entry points, we will enter a buy position in spot.
Targets are indicated on the chart.
The closure of a daily candle below the invalidation level will negate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
source https://www.tradingview.com/chart/CHILLGUYUSDT/PoEIyqBV-CHILLGUY-Looks-Super-Bullish-1D/
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