$CHR – Rejection forming at resistance, momentum fading

SHORT $CHR (max 10x)

Entry: 0.0177 – 0.0187

Stop Loss: 0.0196

Take Profit:

• TP1: 0.0165

• TP2: 0.0152

• TP3: 0.0140

Setup Logic:

Price bounced into a key supply zone but failed to sustain momentum. Structure is showing hesitation near highs with weaker continuation candles — a typical exhaustion signal.

If this range holds as resistance, expect sellers to step in and push price back toward lower liquidity zones.

Execution Notes:

Prefer entries on rejection wicks / lower timeframe breakdown

Watch for failed breakout above 0.0187 (fakeout = stronger short signal)

Invalidation clean above 0.0196

High probability mean reversion setup.

CHR

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