CHZ's recent performance has attracted a lot of attention. The trading volume on the 30-minute candlestick suddenly surged by 84.7%, and such anomalies usually don't occur without reason.
The current price is around 0.05351 USDT. Looking downward, the recent support level is at 0.05274, just 0.86% away from the current price. Further down, there is another support zone between 0.04779 and 0.0482.
From a technical perspective, a sharp increase in trading volume often signals the start of a trend. At this point, you can focus on a few strategic ideas:
**For those looking to go long**, consider placing orders around 0.05274, with resistance set at 0.05388. This setup offers a relatively favorable risk-reward ratio — the distance from support to resistance is enough to allow for some profit to run.
The future movement still depends on the market. If the trading volume remains elevated, it indicates increasing market participation, which is a positive signal for the subsequent trend.
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nft_widow
· 22h ago
An 84.7% surge, what exactly happened...
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CounterIndicator
· 01-13 22:52
84.7% increase in trading volume, the market is starting to act up again
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OnchainGossiper
· 01-13 22:52
84.7% surge, something must be going on, or are they going to harvest the little guys again?
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FloorPriceWatcher
· 01-13 22:47
84.7% of the trading volume has been amplified, this time really different, gotta watch the market closely
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bridgeOops
· 01-13 22:44
I've seen sudden surges in trading volume many times, and 99% of the time it's just a false alarm.
If the trading volume can't be sustained, that might be a signal of a sell-off, right?
Wait and see, no rush to bottom fish.
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shadowy_supercoder
· 01-13 22:39
A sudden surge in trading volume... is often caused by the market makers accumulating positions. Don't be too optimistic.
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MEVHunterWang
· 01-13 22:39
Oh no, I've seen many cases of trading volume surging, but I'm just worried about the big players eating up the market.
Wait, where is the layout at 0.05274? I think we need to take another look, don't rush to get in.
As for CHZ, it feels like it's been oscillating recently. To be honest, I find it a bit hard to understand.
CHZ's recent performance has attracted a lot of attention. The trading volume on the 30-minute candlestick suddenly surged by 84.7%, and such anomalies usually don't occur without reason.
The current price is around 0.05351 USDT. Looking downward, the recent support level is at 0.05274, just 0.86% away from the current price. Further down, there is another support zone between 0.04779 and 0.0482.
From a technical perspective, a sharp increase in trading volume often signals the start of a trend. At this point, you can focus on a few strategic ideas:
**For those looking to go long**, consider placing orders around 0.05274, with resistance set at 0.05388. This setup offers a relatively favorable risk-reward ratio — the distance from support to resistance is enough to allow for some profit to run.
The future movement still depends on the market. If the trading volume remains elevated, it indicates increasing market participation, which is a positive signal for the subsequent trend.