$CHZ

🌶️ **$CHZ/USDT: Bullish Recovery Underway! Breakout Imminent?** 🚀

Chiliz ($CHZ) is looking incredibly strong on the 1-hour chart, currently trading up **+5.87%** at **$0.04776**. After finding strong support near $0.04280, the price launched a powerful rally to a 24-hour high of $0.04906. Following a healthy minor correction, the bulls have successfully defended the key moving averages, and a fresh move upward is now developing.

### 📊 **Technical Analysis (1H Chart)**

* **EMA Alignment:** The price is trading firmly above the EMA(7) [$0.04757] and EMA(25) [$0.04683], confirming strong short-term bullish momentum. The long-term EMA(99) down at $0.04513 is acting as a rock-solid structural baseline.

* **Support Defended:** The recent pullback found a perfect floor right around the EMA(25) support zone ($0.04660 - $0.04680), printing a clear bullish reversal candle.

* **RSI Indicator:** Sitting comfortably at **57.54**, leaving plenty of room for an aggressive upside expansion without being overbought.

### 🎯 **Intraday Trade Setup**

* **🟢 Long Entry Zone:** $0.04700 – $0.04770 (Current levels or on minor dips)

* **🎯 Target 1:** $0.04900 *(Recent local high retest)*

* **🎯 Target 2:** $0.05150 *(Psychological resistance breakout)*

* **🎯 Target 3:** $0.05400+ *(Extended momentum target)*

* **🛑 Stop Loss:** $0.04630 *(Just below the 1H EMA25 support)*

### 💡 **Trading Strategy**

The trend is clearly favor of the buyers today. Secure partial profits at Target 1 and trail your stop-loss to entry to protect your capital. Avoid chasing if it pumps aggressively past $0.04900 without a consolidation.

Are you holding or trading $CHZ today? Do you think we smash past $0.050 before the daily close? Drop your targets below! 👇

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