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Is $CHZ setting a trap or just cooling off?
Looking at the daily chart and that rejection at 0.044 was pretty sharp. We’re sitting at 0.04079 right now and it feels like the momentum has hit a brick wall. That long wick at the top usually means the sellers stepped in heavy to protect that resistance.
The order book shows a lot of bids stacked around 0.04072 so we might see a small bounce here but the volume isn't exactly screaming "buy" yet. If we lose the 0.040 level it’s probably going to revisit that 0.038 support zone where it consolidated before.
I'm not jumping in quite yet. I want to see if the buyers can actually hold this floor or if we’re headed for a deeper correction. Staying in wait and watch mode for now.
Are you holding through this or taking profits?
#WCTCTradingChallengeShare8MUSDT