📊
$CHZ /USDT Market Analysis
📌 Current Price: $0.03993 (-6.73%)
📊 24h High/Low: $0.04382 / $0.03909
📉 24h Volume: 4.68M USDT (113.57M CHZ)
📌 Market Sentiment: Bearish
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📊 Moving Averages & Market Trends
7-Day MA: $0.03971 (Current price is slightly above the 7-day moving average, indicating short-term support)
25-Day MA: $0.03989 (Currently acting as resistance near the price zone)
99-Day MA: $0.04107 (Long-term resistance to consider)
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📈 Key Levels to Watch
🚀 Resistance Levels:
$0.03989 – 25-Day MA (Immediate resistance zone)
$0.04107 – 99-Day MA (Stronger resistance for the longer-term trend)
$0.04382 – 24h High (Potential resistance if the price rises back)
🛑 Support Levels:
$0.03993 – Current Price (Immediate support)
$0.03909 – 24h Low (Strong support level to watch)
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📊 Trading Strategies
🟢 Bullish Setup (If CHZ/USDT Breaks Above $0.03989 and Holds)
Entry: $0.03993 - $0.03989
Target: $0.04107 - $0.04300 (Upside potential if the price breaks resistance)
Stop-Loss: $0.03909 (Below 24h low for risk management)
🔻 Bearish Setup (If CHZ/USDT Breaks Below $0.03909 Support)
Entry: $0.03909 - $0.03900
Target: $0.03750 - $0.03600 (Downside potential if support is broken)
Stop-Loss: $0.04021 (Above resistance to limit risk)
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⚠️ Risk Alert:
CHZ/USDT is currently in a bearish phase after reaching a 24h high of $0.04382. Watch for confirmation of a breakdown below $0.03909 for further downside or a bounce to the upside if the support holds.
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