$CHZ remains under bearish pressure, with multiple resistance levels limiting upside potential. My primary expectation is a move toward the 0.01838 resistance, where a rejection could trigger the next leg down into the 0.01716–0.01692 support zone.
For a high-probability short setup, wait for price to sweep above 0.01838 and print a bearish confirmation candle, such as a pin bar or bearish engulfing, on the 15M or 5M timeframe. If confirmed, target 0.01716 first, followed by 0.01692, while placing your stop-loss above the newly formed swing high.
A scalp long is only worth considering if price performs a liquidity grab below 0.01716–0.01692 and quickly reclaims the level with strong bullish confirmation. In that case, the upside target lies between 0.01784 and 0.01838, with a stop-loss below the sweep low.
The overall trend remains bearish until $CHZ secures a decisive close above 0.01838 and successfully holds that level as support. If that happens, the next upside target shifts toward 0.02038.
#CHZ #CryptoTrading #KioxiaADRFallsOver14% #TechnicalAnalysis #ModernaRisesOver12%
For a high-probability short setup, wait for price to sweep above 0.01838 and print a bearish confirmation candle, such as a pin bar or bearish engulfing, on the 15M or 5M timeframe. If confirmed, target 0.01716 first, followed by 0.01692, while placing your stop-loss above the newly formed swing high.
A scalp long is only worth considering if price performs a liquidity grab below 0.01716–0.01692 and quickly reclaims the level with strong bullish confirmation. In that case, the upside target lies between 0.01784 and 0.01838, with a stop-loss below the sweep low.
The overall trend remains bearish until $CHZ secures a decisive close above 0.01838 and successfully holds that level as support. If that happens, the next upside target shifts toward 0.02038.
#CHZ #CryptoTrading #KioxiaADRFallsOver14% #TechnicalAnalysis #ModernaRisesOver12%