$CHZ Bullish Breakout Setup
A long liquidation near $0.05939 ($7.27K) has flushed weak leverage, often acting as a reset that allows stronger buyers to regain control.
Key Levels
Support: $0.0585 – $0.0575
Breakout Zone: $0.0600 – $0.0612
Resistance: $0.0630 – $0.0660
Trade Setup (Long Bias)
Entry: Reclaim & hold above $0.0600, or breakout acceptance over $0.0612
Targets:
TP1: $0.0630
TP2: $0.0660
TP3: $0.0700
Stop Loss: Below $0.0570
Market Sentiment
The liquidation sweep has reduced downside pressure. If CHZ holds support and pushes through the breakout zone with volume, bullish continuation toward higher liquidity levels is favored.
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CHZ
0.04059
-0.58%