LONG $CHZ - APPROACHING MA60 BREAKOUT WITH STRONG MOMENTUM
Current Price: $0.05617
Signal: Price is showing strong bullish momentum (+6.65%) and approaching the critical MA60 resistance level for a potential breakout continuation.
Entry: 0.05580 - 0.05630
TP1: 0.05800
TP2: 0.06000
TP3: 0.06200
SL: 0.05480 (below recent support)
CHART ANALYSIS:
Strong Daily Momentum: +6.65% gain indicates aggressive buying pressure and upward acceleration.
MA60 Breakout Test: Price approaching MA60 at $0.05637 - a decisive break above could trigger significant upside movement.
Layer 1/2 Gainer Status: As a Layer 1/2 project with "Gainer" designation, CHZ benefits from positive sector momentum.
Consolidation Pattern: Price action shows consolidation near resistance, suggesting energy building for next move.
Technical Convergence: Positive price action combined with sector strength creates favorable conditions for breakout.
#CHZ #Long #Breakout #Layer1 #Bukharitechtips
