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$CHZ Impulsive Breakout: Smart Money Order Block Retest Before $0.0152 Extension
📊 Market Bias: Strongly Bullish (Impulsive Trend Expansion)
Chiliz (
$CHZ /USDT) has delivered a powerful vertical breakout on the 1-Hour timeframe, snapping out of a prolonged consolidation period near $0.01333 to sweep buy-side liquidity up to $0.01520. Following this explosive move, price action is holding firm near $0.01520, well above the 1H SuperTrend support floor ($0.01438). Ecosystem fundamentals remain strong following Socios.com's recent strategic partnership with Securitize to launch tokenized "Socios Equity Tokens", alongside ongoing core protocol preparations for version 2.9.4.
🎯 Trade Setup: LONG ON RETEST
Primary Plan: Position for a LONG entry as price executes a controlled retracement into the 1H Fair Value Gap (FVG) and discount demand area before the next expansion leg.
Entry Zone: $0.01420 – $0.01455 (Discount Demand Zone / 1H FVG Retest Area)
Stop Loss: $0.01360 (Placed safely below the 1H SuperTrend floor at $0.01438 and prior structure low)
Take Profit Targets:
TP1: $0.01520 (Local High / Initial Liquidity Sweep Peak)
TP2: $0.01610 (Key Horizontal Resistance Zone)
TP3: $0.01730 (Macro Liquidity Target)
Risk-to-Reward Ratio: ~1:2.7 (Calculated from optimal entry near $0.01440)
Trade Invalidation: Hourly candle closing below $0.01360.
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