CHZ at Make-or-Break Zone – Breakout or Another Leg Down?

CHZ is compressing inside a long-term descending channel, now testing a key resistance zone aligned with structure and trendline confluence.

Price is attempting to reclaim this zone, but the reaction here will define the next major move. A clean breakout and hold above resistance could shift momentum and open the path toward the 0.09 region.

However, failure to sustain above this level would confirm continued weakness, with the structure still favoring a move toward lower channel levels.

This is a high-stakes zone. Expansion is coming, direction depends on this level.