CHZ Fibonacci Confluence + Order Block Bounce — Narrative Long
🟢 $CHZ - LONG
Trade Plan:
Current Price: ~0.01657
Entry Zone: 0.0160 - 0.0172
SL: 0.0153
TP1: 0.0185
TP2: 0.0200
TP3: 0.0225
The chart shows CHZ bouncing from the 0.618 Fibonacci retracement level with strong confluence at a major 4H order block inside the semi-transparent entry zone box. Volume is expanding on the bounce while price prints a series of higher lows above the block. The large glowing green arrow highlights the reversal momentum from this high-confluence zone. The solid red SL line sits below the order block low to protect against invalidation, while the three green TP lines target prior resistance and the 1.272 Fibonacci extension. This LONG carries high conviction because Fibonacci confluence at unmitigated order blocks in narrative tokens like CHZ has historically acted as reliable launchpads during altcoin recovery phases.
Will CHZ extend to $0.0200 before any deeper retest of the entry zone?
Click below for trade 👇
DYOR & manage risk!
🟢 $CHZ - LONG
Trade Plan:
Current Price: ~0.01657
Entry Zone: 0.0160 - 0.0172
SL: 0.0153
TP1: 0.0185
TP2: 0.0200
TP3: 0.0225
The chart shows CHZ bouncing from the 0.618 Fibonacci retracement level with strong confluence at a major 4H order block inside the semi-transparent entry zone box. Volume is expanding on the bounce while price prints a series of higher lows above the block. The large glowing green arrow highlights the reversal momentum from this high-confluence zone. The solid red SL line sits below the order block low to protect against invalidation, while the three green TP lines target prior resistance and the 1.272 Fibonacci extension. This LONG carries high conviction because Fibonacci confluence at unmitigated order blocks in narrative tokens like CHZ has historically acted as reliable launchpads during altcoin recovery phases.
Will CHZ extend to $0.0200 before any deeper retest of the entry zone?
Click below for trade 👇
DYOR & manage risk!