Most traders are still looking for longs on
$CHZ /USDT Im watching for a downside move instead
$CHZ – SHORT
Trade Plan • Entry: 0.01809 – 0.01815
• Stop Loss: 0.01877
• TP1: 0.01763
• TP2: 0.01731
• TP3: 0.01682
Why this setup • The higher-timeframe trend remains bearish while the 1 hour RSI is showing signs of rejecting higher levels
• Price is consolidating in a low volatility range often a precursor to a strong breakout
• A move to TP1 would deliver roughly a 2.7% decline while TP3 offers around a 7.2% downside if bearish momentum strengthens
Question for traders Would you take this short setup even if the 15-minute RSI is still holding above 60 or would you wait for extra confirmation?
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#CHZ