$CHZ Strong bounce into resistance, starting to look overextended here

Trading Plan Short $CHZ

Entry: 0.0415 – 0.0445

SL: 0.0465

TP: 0.0385

TP: 0.0355

TP: 0.0325

The recent push higher has been sharp, but momentum is starting to fade as price tests this resistance zone. Buyers managed to drive price up aggressively, though the follow-through is weakening and the structure is becoming more choppy.

When price gets extended into resistance and begins to stall like this, it often signals a potential pullback as sellers step back in and take control.

$CHZ

CHZ
CHZUSDT
0.04311
+2.18%