$CHZ Short Liquidation Pressure Signals Buyers Stepping In
CHZ is trading around $0.0336, and the recent short liquidation near $0.03343 shows sellers were caught leaning too hard into weakness. This kind of move usually appears when price refuses to break lower and starts absorbing sell orders.
Key State
Market is stabilizing after downside pressure, with early signs of accumulation.
Support
$0.0328 is the main short-term floor. As long as this holds, downside risk remains controlled.
Resistance
$0.0349 is the first hurdle. A clean break opens the door toward $0.0365.
Market Insight
Short liquidations here suggest smart money defending value rather than chasing price.
Sentiment
Cautiously bullish, patience required.
Targets
$0.0349 then $0.0365
Next Move
Expect consolidation before a push higher if volume builds.
Pro Tip
When shorts get liquidated near support, don’t rush entries. Let price prove strength first.
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