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$CHZ — THE BREAKDOWN WAS THE WARNING. THE BOUNCE COULD BE THE TRAP. 👀
The rising channel is broken.
CHZ dropped to $0.01305. Now buyers are trying to push the price back up.
And that's where things get interesting.
I'm not chasing the dump. I'm waiting for a better opportunity.
🎯 MY AREA OF INTEREST: $0.0143–$0.0151
Former support. A significant resistance zone. And potentially the area where the next selloff begins.
If
$CHZ reaches this zone and buyers lose momentum, I'll start looking for a SHORT entry.
Not blindly. I want to see the rejection first.
📉 BEARISH SCENARIO:
$0.0130 → $0.0120 → $0.01060
The final level is my extended downside target, not a guaranteed destination.
A sustained 12H recovery above $0.0151 would weaken this scenario.
💡 MY TAKE
The breakdown has already shown weakness.
But the most interesting part of this setup may still be ahead.
Sometimes the market gives buyers one more reason to believe in a recovery before the next leg down.
That's the reaction I'm watching.
I don't need to catch every move.
I want to catch the one that makes sense.
#CHZUSDT #Chiliz #ShortSetupb