๐ CHZ: Fan Token Fatigue Setting In? (SHORT Alert!) ๐จ**
The Fan Token narrative is losing steam in this market correction. While $BTC flirts with $70k, $CHZ is struggling to hold its minor support levels, printing consecutive lower highs on the 4H chart.
Iโm seeing a high-probability **SHORT** setup as liquidity dries up. ๐งต๐
**๐ The Trade Strategy:**
* **Pair:** CHZ/USDT
* **Bias:** Bearish ๐ด
* **Leverage:** 3x (Manage your risk!)
* **Risk/Reward:** 1:2
**๐ฅ Entry Zones:**
1. **$0.04250** (Immediate Entry)
2. **$0.04305** (Optimal Rejection Zone)
**๐ฏ Take Profit Targets:**
* **TP 1:** $0.04195
* **TP 2:** $0.04113 (Major Demand Zone)
**๐ Stop Loss:** * **$0.04360** (Close if we reclaim resistance)
**Why this trade?** The RSI is failing to bounce and volume is decreasing on every upward moveโclassic signs of bear dominance.
**Whatโs your move?** Is $CHZ due for a rebound, or is more pain ahead for fan tokens? Let me know your targets below! ๐