$CHZ Bearish Continuation — Support Cracking, Downside Opening
$CHZ is trading under pressure after failing to hold above $0.03680 (24h high). Price is compressing near support at $0.03550–$0.03500, and structure is printing lower highs on lower timeframes. Sellers are gradually gaining control, and a breakdown below $0.03500 could trigger acceleration toward deeper liquidity zones.
Trade Setup
Entry Zone: $0.03570 – $0.03610
Take Profit 1: $0.03500
Take Profit 2: $0.03420
Take Profit 3: $0.03350 (extension flush)
Stop Loss: $0.03695
Short Market Outlook
Momentum is weakening with repeated rejection near $0.03650–$0.03680 resistance. Volume profile suggests distribution rather than accumulation.
A clean breakdown below $0.03500 confirms continuation toward $0.03400.
Reclaim and strong close above $0.03680 would invalidate the bearish bias and shift momentum short-term bullish.
Current structure favors sellers unless buyers reclaim control decisively.
Buy and trade here on $CHZ
