$CHZ / USDT — Pressure Building Below Resistance
CHZ is trading around $0.05013, down -2.75% on the day, but price action is improving after a clean bounce from local support. On the 1H timeframe, consecutive bullish candles are forming, suggesting momentum is slowly shifting back to buyers. Price is compressing just below resistance, which often precedes an expansion move.
Trade Setup (Long):
Entry Zone: 0.04980 – 0.05030
Targets:
TP1: 0.05065
TP2: 0.05140
TP3: 0.05280
Stop-Loss:
0.04948
Bias:
Bullish while holding above 0.0498. A strong push above resistance with volume can unlock a sharp upside continuation toward higher levels. Manage risk and scale out profits step by step.
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