$CHZ — Support Holding, Bulls Building Momentum
Long
$CHZ • Entry: 0.0382 – 0.0375
• Stop Loss: 0.0368
Targets:
• TP1: 0.0390
• TP2: 0.0405
CHZ earlier rejected from the 0.03869 resistance and pulled back toward 0.03679, where buyers stepped in and created a solid short-term support base. Since that reaction, price has recovered toward 0.0382 on the 1H timeframe, forming higher lows within a tight consolidation range.
The 0.0375–0.0382 zone is now acting as the key demand region. As long as this support holds, the market structure favors a potential continuation toward higher resistance levels.
A breakout above the consolidation ceiling could drive price toward 0.0390 first, with further upside toward 0.0405, where the next liquidity cluster sits.
Key Technical Points • Strong reaction from 0.0368–0.0370 support zone
• Higher lows forming on the 1H structure
• Consolidation often precedes momentum expansion
• Invalidation below 0.0368
Manage risk carefully and scale positions accordingly.
Long
$CHZ here 👇
#CHZ