๐จ Strong sell-off confirms bearish control on higher timeframe ๐จ
๐ Bearish Information
$CHZ has seen a sharp breakdown from the recent range, with heavy selling pressure pushing price decisively below all key EMAs, keeping the downside bias firmly intact.
๐ด $CHZ SHORT SETUP ๐ด
๐ Entry Zone: 0.0485 โ 0.0500
๐ Stop Loss: 0.0538
๐ฏ Take Profit 1: 0.0460
๐ฏ Take Profit 2: 0.0435
โ Why take this trade?
On the 4H timeframe, price is trading well below EMA(7), EMA(25), and EMA(99) after a strong impulsive bearish move, with only a weak pause near the lows and no meaningful buying response, suggesting sellers remain in full control and continuation toward lower liquidity levels is likely as long as price stays below resistance.
๐๐๐ Click below and SHORT now ๐๐๐
CHZUSDT
Perp
0.03546
-1.96%