CHZ Futures (CHZUSDT) Recent price action is showing clear technical signal conflicts. RSI indicators across the 15-minute, 1-hour, and 4-hour timeframes are all in the red, with the 1-hour level surging to an extreme overbought zone of 91, which is a dangerous signal. However, there's one noteworthy detail worth noting — the 1-hour MACD histogram is still expanding upward, which typically suggests that upside momentum hasn't completely exhausted, but it could also reverse in the next candlestick.

What deserves the most vigilance is the volume performance: it has contracted by 95% compared to the previous period. This volume depletion combined with extreme overbought conditions is like an overly taut string that could snap at any moment.

From a price perspective, the current price is hovering near the psychological level of 0.0500. Resistance levels above are at 0.0515 and 0.0530, while support levels below are at 0.0485 and 0.0470.

My recommendation is straightforward: the best move right now is to not move at all. If it breaks above 0.0515, I won't chase higher and will wait for a reasonable pullback before considering. Conversely, if it breaks below 0.0485, I can consider opening a small short position targeting 0.0470, but the stop loss must be strictly set at 0.0505. It's better to miss a move than to get stopped out by an extreme overbought rebound.