🚀 $CHZ /USDT Analysis: Potential Bullish Continuity?
Looking at the 15m chart for Chiliz ($CHZ ), we are seeing some interesting price action. After a sharp retracement from the 24h high of 0.03704, the price has found support and is starting to print green candles again, suggesting a potential recovery or a "higher low" formation.
The 24h trend remains bullish (+8.52%), and the recent bounce indicates that buyers are still active in this zone.
📊 Trade Setup
Direction: Long 🟢
Entry Price: $0.03640 - 0.03650
Take Profit (TP1): 0.03700 (Recent Resistance)
Take Profit (TP2): 0.03750 (Breakout Target)
Stop Loss (SL): 0.03550 (Below the recent swing low)
💡 Strategy Notes
Momentum: The price is currently testing the mid-range of the recent drop. A solid close above 0.03660 could trigger a fast move back to the daily highs.
Risk Management: Always use appropriate leverage (3x-5x recommended for beginners) and never risk more than 1-2% of your capital on a single trade.
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