CHZ/USDT
Timeframe: 1-Hour
Trade Type: Long Position
Entry Point:
Enter at 0.0445, after recent downtrend shows signs of slowing with potential support around this zone.
Target Points (Take Profits):
TP1: 0.047 – Initial resistance zone; partial exit recommended to secure profit.
TP2: 0.0486 – Mid-range resistance level; strong area for partial or full exit.
TP3: 0.05 – Psychological and technical resistance; ideal final exit point.
Stop-Loss:
0.04375 – Just below recent swing low; protects from deeper drop if trend continues down.
Trade Logic:
Price dropped significantly (-6.69%), reaching potential demand zone.
Entry is positioned for a short-term bounce or trend reversal.
Setup offers favorable risk-reward ratio with controlled downside.
Risk Management:
Use proper position sizing based on your capital and leverage.
Monitor volume and momentum confirmation on entry.
Adjust stop-loss to breakeven after TP1 is hit.
