🚀 $CHZ 12H Market Outlook Key Levels to Watch!
$CHZ is approaching a critical resistance zone near 0.04876, where I expect strong selling pressure. A liquidity sweep above recent highs could trap late buyers if rejection follows, this opens a solid short opportunity targeting 0.04449 and potentially 0.04114. Confirmation is key: watch for signals like a pin bar, bearish engulfing, or a clear lower timeframe structure shift.
On the flip side, if price drops into the 0.04449–0.04114 demand zone and shows strength with bullish reversal patterns, we could see a bounce back toward 0.04596 and 0.04876.
High-probability setup: A clean liquidity sweep below demand followed by strong reversal confirmation could offer an excellent long entry.
If bulls take control and price breaks and closes above 0.04914, momentum shifts bullish next target sits around 0.05772.
Always manage risk: place your stop-loss at key swing highs/lows depending on your trade direction.
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