$CHZ 4H Chart Analysis
Steps:
Demand Floor:
$CHZ is moving sideways with declining volatility, firmly resting over a major multi-month horizontal demand cluster.
Accumulation: Intraday, we observe repeated rejections from this historical floor ($0.065), validating a powerful local double bottom structure.
Risk Mitigation: The risk here is well-defined. Failure to hold $0.065 implies reduced institutional support, signaling further distribution toward lower levels.
Indicators: The MACD is attempting a minor bullish crossover, and the RSI is trapped near 42 (Oversold), mirroring total market uncertainty.
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