$CHZ — Pullback Completed | Continuation Setup Forming
$CHZ appears to have completed a healthy corrective pullback, with structure favoring continuation rather than reversal. Price behavior remains technically sound and aligned with trend-following conditions.
Bias: Buy Continuation
Execution Plan:
• Entry Zone: 0.0490 – 0.0505
• Invalidation (SL): Below 0.0470
Upside Targets:
🎯 TP1: 0.0700
🎯 TP2: 0.0750
Why This Setup Is Valid:
• The pullback is corrective, not impulsive
• Clear volume expansion on the impulse leg, followed by volume contraction during the pullback — classic continuation behavior
• Well-defined risk-to-reward, built on structure rather than speculation
Risk Notes:
This is a daily timeframe setup. Position sizing should respect the wider stop range. Controlled leverage only — this is a continuation trade based on structure, not a volatility chase.#GrayscaleBNBETFFiling #USIranMarketImpact #CHZ