$CHZ /USDT – 4H Technical Analysis
Market Structure
CHZ has printed a strong impulsive bullish move from the local bottom around 0.0280, breaking multiple short-term resistances with expanding momentum. The structure has flipped bullish in the short term, but price is now approaching a key resistance zone.
Key Levels
Resistance: 0.0395 – 0.0410 (recent high / supply zone)
Immediate Support: 0.0350 – 0.0340
Major Support: 0.0310 – 0.0300
Invalidation (bullish): Below 0.0280
Momentum & Price Action
Large bullish candles indicate aggressive buyers / short squeeze.
Current candles are smaller near resistance → early signs of exhaustion.
Chasing longs here is high risk without a pullback.
🔵 Bullish Scenario (Preferred if pullback holds)
Look for a pullback & consolidation above 0.034 – 0.035
If support holds:
Targets:
0.0410
0.0445
0.0480 (extension)
Best entries come on retest + bullish confirmation, not at highs.
🔴 Bearish / Correction Scenario
Rejection from 0.0395 – 0.0410 zone
Breakdown below 0.0340:
Correction targets:
0.0310
0.0300
This would still be healthy retracement, not trend reversal unless 0.0280 breaks.
#USNonFarmPayrollReport #WriteToEarnUpgrade #BTCVSGOLD
buy and trade here on $CHZ
