Here’s a detailed post based on the CHZ/USDT chart you provided:
$CHZ /USDT BEARISH PRESSURE – WATCH SUPPORT LEVELS!
CHZ/USDT is currently trading at 0.03717 USDT, showing signs of bearish pressure after a slight pullback. The 24-hour high is 0.03875 USDT and the 24-hour low is 0.03523 USDT, indicating a relatively tight range but with downward momentum.
Key Levels to Watch:
Support: 0.03523 USDT – crucial short-term support; a break below this could trigger further downside.
Resistance: 0.03800–0.03875 USDT – immediate resistance; price needs to clear this zone to regain bullish momentum.
Psychological Level: 0.03750 USDT – often acts as a pivot for price reaction.
Trade Setup – Bearish Bias:
Entry (Short): 0.03720–0.03730 USDT (on confirmation of resistance holding)
Take Profit (TP): 0.03600 USDT (first target), 0.03500 USDT (second target)
Stop Loss (SL): 0.03850 USDT – above resistance to manage risk
Trade Strategy: Watch support closely. A clean break below 0.03523 USDT signals stronger bearish momentum, while any rebound above resistance may invalidate the setup.
✨ Positive Note: Every market challenge is an opportunity to strengthen your strategy and discipline. Stay focused, manage risk carefully, and keep moving forward – each step brings you closer to success!
If you want, I can also create a bullish alternative setup in case CHZ rebounds from support. Do you want me to do that?$CHZ #zahracrypto
