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CHRUSDT TRADING IDEA

BINANCE:CHRUSDT   CHR / TetherUS
CHRUSDT is currently displaying an extended correction pattern, with the potential formation of an ending diagonal. The Imbalance zone (IMB) highlighted on the chart holds significant importance for medium to long-term coin accumulation.

While the price remains within the confines of local resistance and support levels, the breakout direction will be a key indicator of the coin's future trajectory. In the event of a break below the local support, our IMB zone presents an ideal opportunity for substantial accumulation.

I strongly recommend setting a tight stop-loss just below this zone, providing a safeguard in case the price continues to decline, with the Optimum Demand Zone being a major focus in such a scenario. Conversely, the Optimum Supply Zone, as indicated on the chart, serves as a significant area for potential sell-offs.
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