The current$CHZ
đ„ CHZ/USDT â 1H Break & Retest Setup
CHZ is pressing against a descending trendline after forming a tightening triangle. The current price is around 0.01703, with RSI near 52.5.
LONG SETUP â Break & Retest
Breakout trigger: 1H close above 0.01710. Retest entry: 0.01700â0.01710Confirmation: Retest holds as support + bullish rejection/engulfing candle. RSI confirmation: RSI >55, preferably pushing toward 60.
Stop Loss: 0.01670
TP1: 0.01740
TP2: 0.01780
TP3: 0.01820 Invalidation: 1H close back below 0.01670
Trade idea: Don't chase the initial breakout. Wait for 0.01710 to break, then retest and hold. If price prints bullish action while RSI moves above 55, the setup gains confirmation.
Risk/Reward: roughly 1:1.3 to TP1, 1:2.6 to TP2, and 1:4 to TP3.
#Binance #CHZ #Breakout #BTCè”°ćżćæ
đ„ CHZ/USDT â 1H Break & Retest Setup
CHZ is pressing against a descending trendline after forming a tightening triangle. The current price is around 0.01703, with RSI near 52.5.
LONG SETUP â Break & Retest
Breakout trigger: 1H close above 0.01710. Retest entry: 0.01700â0.01710Confirmation: Retest holds as support + bullish rejection/engulfing candle. RSI confirmation: RSI >55, preferably pushing toward 60.
Stop Loss: 0.01670
TP1: 0.01740
TP2: 0.01780
TP3: 0.01820 Invalidation: 1H close back below 0.01670
Trade idea: Don't chase the initial breakout. Wait for 0.01710 to break, then retest and hold. If price prints bullish action while RSI moves above 55, the setup gains confirmation.
Risk/Reward: roughly 1:1.3 to TP1, 1:2.6 to TP2, and 1:4 to TP3.
#Binance #CHZ #Breakout #BTCè”°ćżćæ
