📊 $SHAZ Technical Analysis & Setup
$SHAZ is down 5.2% on 1.9x volume, signaling a strong continuation structure rather than a confirmed bottom after sweeping liquidity down to 21.62.
• Key Support / Demand: 21.62, followed by 20.50
• Resistance / Supply Targets: 22.25, 22.74 (swept lower low and range edge)
• Trigger / Confirmation: Wait for a relief bounce into the resistance zone followed by a rejection wick, bearish engulfing, or lower-timeframe structure shift
• Risk / Invalidation: A daily or 4h close above 23.62 flips the bias bullish and invalidates the short thesis
• Market Execution: Open interest sits at $685K (+3.8% 24h) with neutral funding; look for optimal entries on standard market depth.
Manage your risk carefully and wait for clear confirmations. DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SHAZ #Trading
$SHAZ is down 5.2% on 1.9x volume, signaling a strong continuation structure rather than a confirmed bottom after sweeping liquidity down to 21.62.
• Key Support / Demand: 21.62, followed by 20.50
• Resistance / Supply Targets: 22.25, 22.74 (swept lower low and range edge)
• Trigger / Confirmation: Wait for a relief bounce into the resistance zone followed by a rejection wick, bearish engulfing, or lower-timeframe structure shift
• Risk / Invalidation: A daily or 4h close above 23.62 flips the bias bullish and invalidates the short thesis
• Market Execution: Open interest sits at $685K (+3.8% 24h) with neutral funding; look for optimal entries on standard market depth.
Manage your risk carefully and wait for clear confirmations. DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SHAZ #Trading
