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Wait, are we finally seeing $CHZ wake up from the dead?
This move off the $0.034 level has been surprisingly clean. We just put in a local high at $0.051 and now we’re seeing a bit of a breather.
The 1D candles show some decent momentum, but look at that rejection at the top. It needs to hold this $0.048 area as support if we want to see another leg up. If it slips back into the $0.044 range, the party might be over for a bit.
The order book is looking slightly heavy on the sell side right now (51%), so I’m not chasing this green candle just yet. I’d rather wait for a successful retest or a solid break above that recent wick.
Slow and steady or a fakeout? Let's see how 4h closes.
#Gate13thAnniversaryLive