$CHZ SHORT: RSI EXHAUSTION COULD TRIGGER A 7% DROP ๐
Entry: 0.0173 ๐ฅ
Target 1: 0.0169 ๐
Target 2: 0.0165 ๐
Target 3: 0.0161 ๐
Stop Loss: 0.0177 โ ๏ธ
RSI at 45.3 with declining momentum โ the same setup that preceded the last two rejections on the 4H. Volume is thinning near resistance, and I've seen this pattern play out enough times to know when the bid weakens.
With a 70% confidence on this short-term downtrend, the risk-to-reward is solid across all three targets. Are you shorting this resistance or waiting for a retest of entry?
Not financial advice. Always manage your risk.
#CHZ #ShortSetup #RSIExhaustion #Crypto #Trading
โก
Entry: 0.0173 ๐ฅ
Target 1: 0.0169 ๐
Target 2: 0.0165 ๐
Target 3: 0.0161 ๐
Stop Loss: 0.0177 โ ๏ธ
RSI at 45.3 with declining momentum โ the same setup that preceded the last two rejections on the 4H. Volume is thinning near resistance, and I've seen this pattern play out enough times to know when the bid weakens.
With a 70% confidence on this short-term downtrend, the risk-to-reward is solid across all three targets. Are you shorting this resistance or waiting for a retest of entry?
Not financial advice. Always manage your risk.
#CHZ #ShortSetup #RSIExhaustion #Crypto #Trading
โก