🔥 $CHZ Short Liquidation Alert! 🔥
A massive $5.0293K short liquidation just occurred at $0.0938 for Chiliz (CHZ).
This is a clear sign that bears are losing ground, and the bulls could step in to push the price higher. Let’s dive into the details and set up a potential trading plan!
What’s Happening Now?
Liquidation Level: $0.0938
Market Sentiment: Bullish momentum building after a short squeeze.
Volume: Increasing, which signals strong interest from buyers.
Trading Strategy for $CHZ
1️⃣ Buy Zone:
Look to accumulate CHZ between $0.092 - $0.094. This is a key support zone where buyers are stepping in.
2️⃣ Targets:
Target 1: $0.098 (First resistance level)
Target 2: $0.102 (Breakout target if momentum strengthens)
Target 3: $0.108 (Strong bullish continuation level)
3️⃣ Stop Loss:
Set your stop loss at $0.089 to manage your risk if the price drops below key support.
Why This Setup Works:
Short liquidations often lead to quick rebounds due to forced buying pressure.
$CHZ is near a strong support level, making this a good low-risk entry point.
If buying volume sustains, we can expect a push toward higher levels in the short term.
🚀 Quick Tip:
Keep an eye on overall market trends, especially BTC and ETH movements. If they rally, it could supercharge CHZ’s bullish momentum.
Disclaimer: This is not financial advice. Always DYOR (Do Your Own Research) before investing.
Let’s stay sharp and ride the wave! Want more updates? Let me know.