๐ $CHZ forming bullish continuation after steady uptrend
Chiliz has been moving in a steady upward structure from the 0.037 support area, forming higher highs and higher lows. Price recently tested the 0.0389 resistance and is now consolidating slightly above the short-term EMAs.
This structure often indicates bullish continuation, especially if price holds above the EMA support zone.
๐ Key Levels:
โข Support: 0.0381 โ 0.0378
โข Major Support: 0.0373
โข Resistance: 0.0389 โ 0.0395
Structure = bullish trend / continuation zone
๐ฏ Trade Setups:
โ Pullback Long:
Entry: 0.0380 โ 0.0382
TP1: 0.0389
TP2: 0.0405
TP3: 0.0420
SL: Below 0.0373
๐ Breakout Long:
Entry: Above 0.0395
TP1: 0.0410
TP2: 0.0430
SL: 0.0380
๐ป Short Setup (If Rejection Happens):
Entry: 0.0390 rejection
TP1: 0.0380
TP2: 0.0373
SL: 0.0400
โ ๏ธ Price is near resistance โ watch for breakout confirmation or a healthy pullback before entering trades.
Trade Smart ๐ | $CHZ
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