CHZ reclaiming structure after liquidity sweep
🟢 $CHZ - LONG
Trade Plan:
Current Price: ~0.02521
Entry Zone: 0.0243 – 0.0260
SL: 0.0233
TP1: 0.0282
TP2: 0.0310
TP3: 0.0345
CHZ recently swept sell-side liquidity below 0.0235 and has since reclaimed structure on the 4H chart. Volume has increased during the recovery, and open interest is also expanding, indicating genuine buying interest.
The higher low structure remains intact. The Entry Zone 0.0243 – 0.0260 offers a reasonable entry after the reclaim. Stop loss is placed below the recent swing low. Take-profit levels target the next resistance zones and liquidity pools above.
Conclusion: Successful structure reclaim with improving volume makes LONG the more favorable bias.
Are you looking to long CHZ on this reclaim?
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DYOR & manage risk!
