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Exploring CHZ's potential for an upward move:
1. Observing a falling wedge formation in CHZ, anticipating a breakout to the upside. Consider entering a long position post-retest for added security.
2. RSI indicating oversold conditions, adding to the bullish outlook.
3. Identifying a horizontal resistance at the current price; a successful breakout might lead to a rapid ascent, otherwise, expect a retest of the bottom line.
Spot market purchase suggested; entry range: 0.77 - 0.75.
Targets:
- 1st TP: 0.080
- 2nd TP: 0.085
- 3rd TP: 0.090
Set Stop Loss at 0.70 with a 10X leverage.
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