$CHZ /USDT SHORT SETUP – REJECTION AT INTRADAY RESISTANCE
$CHZ is struggling to hold above the $0.036 mark after a weak bounce, with price action signaling further downside. Volume remains bearish and lower highs are forming consistently.
• Trade Type: Short
• Entry Zone: $0.03560 – $0.03590
• Take Profit 1: $0.03460
• Take Profit 2: $0.03330
• Take Profit 3: $0.03180
• Stop Loss: $0.03680
• Momentum: Bearish bias on 15m and 1h
• Confirmation: Breakdown under $0.03530 with volume
• Volatility: Stable downtrend, minimal recovery wicks
• Setup Logic: Failed retest of $0.036 as resistance