【$CHZ Signal】1H retest confirmation, preparing for a breakout above the previous high

$CHZ is consolidating with decreasing volume above a key support level on the 1-hour chart, with the price closely following the EMA20 moving average, gathering strength for a breakout. The 4-hour chart has already broken above the recent consolidation range's upper boundary, indicating a shift to an upward trend. The current retest offers an excellent second entry opportunity. The order book shows buy orders significantly deeper than sell orders, with clear support from major traders. Open interest remains stable, and capital has not exited the market.

🎯 Direction: Long

⚡ Entry/Order: 0.03782 - 0.03800

🛑 Stop Loss: 0.03800

🚀 Target 1: 0.03655

🚀 Target 2: 0.03597

🛡️ Trade Management:

- Execution Strategy: When the price reaches Target 1, reduce the position by 50% to lock in profits, and move the remaining position’s stop loss to the entry price. If the price strongly breaks above 0.0385, move the stop loss up to 0.0382 to allow profits to run.

( In-Depth Logic: The 1-hour RSI is at 55, in a healthy zone with sufficient momentum. The 4-hour candlestick has formed a “higher lows” structure, confirming an uptrend. Although the latest 1-hour candlestick shows a relatively low buy ratio, the order book data reveals a large accumulation of buy orders in the 0.0380-0.0379 zone below, forming a solid support wall. Coupled with stable open interest and the price’s resilience against declines, this is a typical “sideways accumulation rather than decline,” with a very high probability of an upward breakout. )

View live market 👇 $CHZ

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