$CHR has shown aggressive upside earlier but is now facing strong rejection near 0.0198. Momentum is weakening, and trapped longs around recent highs make this an ideal short setup. Price structure indicates a potential pullback or correction in the near term.
📊 Trade Setup (Short)
Entry Zone: 0.0188 – 0.0192
Take Profit Targets:
• TP1: 0.0175
• TP2: 0.0168
• TP3: 0.0162
Stop Loss: 0.0205
📈 Market Outlook
After a quick pump, CHR is showing signs of distribution with lower highs forming. Volume is decreasing at the top, signaling exhaustion and potential downside. A failure to reclaim 0.0192 could accelerate selling pressure, with support levels at 0.0175 and 0.0162 being key zones for targets.
Buy now and trade here on $CHR
CHR
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