$CHZ Short-Term Bullish Setup
CHZ has found support around the 0.048–0.049 region and is now making a steady recovery, currently testing the 0.050 area. The chart shows a series of higher lows, signaling that buyers are gradually taking back control after the recent sideways movement. Maintaining above 0.049 is crucial to keep the bullish momentum intact.
Potential Long Entry 👇
0.0492 – 0.0501
Target Levels:
→ First Target: 0.0512
→ Second Target: 0.0525
→ Third Target: 0.0540
Stop-Loss:
Below 0.0480
Key Insights👇
As long as price holds above 0.049, the upward structure remains strong. A decisive push and close above 0.0505 could spark another bullish leg, aiming for higher resistance zones. Ideal strategy is to enter on minor pullbacks rather than chasing the breakout.
CHZ is showing early signs of recovery, and careful entries could offer favorable risk-to-reward opportunities in the short term.
