📉 $CHZ
Update: Chiliz Facing Short-Term Pressure 📉
$CHZ is currently trading around $0.03563, showing some fatigue after being rejected near the $0.0389 mark. The bears are currently nudging the price lower as we drift into a crucial decision zone. ⚽️
🔍 Market Analysis:
The formation of lower highs and consistent selling pressure suggests the momentum has flipped bearish for the short term. If the current support levels fail to hold, we could see a slide toward deeper liquidity. 📉
🎯 Bearish Take-Profit (TP) Levels:
TP1: $0.0349
TP2: $0.0335
TP3: $0.0320
🛣️ Key Trading Zones:
Resistance Zone: $0.0369 – $0.0375 (Supply is heavy here)
Support Zone: $0.0350 – $0.0345 (Must-hold area for bulls)
Execution Tip: Watch for a high-volume breakdown below $0.0350 for confirmation. Don't catch a falling knife—wait for the signal! ⚡📊
#CHZ #Crypto #Chiliz #Bearish #TradingSetup
Nabiha Noor
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