$CHZ /USDT BEARISH PRESSURE PERSISTING BELOW RESISTANCE ⚠️
$CHZ /USDT continues to face downward pressure after failing to hold above 0.0400, now trading around 0.0391. The pair has formed lower highs on short timeframes, suggesting sellers are still in control. If the price breaks below the key support of 0.0388, further downside towards 0.0375 could unfold. Bulls will need a strong push above 0.0402 to reverse the bearish outlook.
Trade Setup:
Entry (Short): 0.0390 – 0.0392
Target (TP): 0.0380 – 0.0375
Stop Loss (SL): 0.0402
Market Outlook:
CHZ has been underperforming on higher timeframes, losing over 23% in the past year. The near-term structure shows weakness, and unless buying momentum steps in above 0.0402, bearish pressure is likely to dominate.
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