#Chiliz is going down.To win follow me.
• Price: 0.04533
• Continuous red candles = strong selling pressure
• SAR dots are above price → bearish trend continuation
• Stoch RSI near 10–18 → oversold, but not yet a confirmed reversal
• Volume increased on the latest red candle → sellers still active
Important levels
Support
• 0.04525 (current local low)
• If this breaks, next possible zone:0.045000.04460
Resistance
• 0.04570
• 0.04600
• Strong resistance near SAR:0.04700
Selling strategy (short-term trader)
If you already bought lower and are in profit:
Conservative profit-taking
• Sell partially around:0.04570–0.04600
• Keep stop-loss below:0.04520
Aggressive scalp trade
Wait for:
1. A green candle close above 0.04560
2. Volume increase
3. SAR flip below candles
Then possible quick targets:
• 0.04600
• 0.04640
If you are currently holding at a loss
Avoid panic-selling exactly at support unless:
• 0.04525 breaks with heavy volume
Because oversold conditions can create a bounce.
Probability right now
• Short-term trend: Bearish
• Bounce chance: Moderate
• Immediate breakout chance: Low until buyers return.
NOTE: DYOR
ABOVE ANALYSIS DID BY MY OWN.
THESE IS NOT FOR FINANCIAL. ADVICE SO TRY TO DO YOUR OWN RESEARCH.
#Chiliz