CHZ: liquidity sweep before the next leg downCHZUSDT Perpetual Swap ContractOKX:CHZUSDT.P3CommasThe Macro Picture 🗺️ CHZ has been locked in a relentless descending structure since the May $0.052 peak, grinding out lower highs and lower lows with barely a pause. Every bounce has been shallow and quickly sold — the market is defined by persistent supply, and buyers have shown no appetite to defend any level for long. Price has now pressed to fresh lows near $0.016 with RSI weak around 32 and pinned to the underside of its average. Until the structure of lower highs breaks, the path of least resistance points straight toward the next liquidity pocket below. The Setup ⚙️ The Ceiling: The $0.020 decision line is where bears are defending. As marked by the red projection, this former support has flipped into resistance and capped every recent attempt to recover. The Rejection: Above sits the $0.020–0.025 supply block. Price would need to reclaim this entire band to neutralize the downtrend, and momentum offers no support for that case yet. The Trigger: A clean break of the $0.016 lows would clear out the last of the over-leveraged longs and open the path of least resistance toward the $0.014 macro floor. The Roadmap: Primary target sits at $0.014 — the red projection points there as the natural draw on liquidity below the range. Invalidation: a sustained 4H close back above $0.020 would invalidate this bearish thesis and signal a structural reset in favor of the bulls. More setups in profile. #CHZ #CRYPTO #Chiliz #Altcoins #TechnicalAnalysis