$CHR /USDT – Short-Term Technical Read (15m)
Based on the chart you shared, CHR is still under pressure, but it’s trying to form a short-term base.
🔍 Current Structure
Price: ~0.0394
Trend: Short-term downtrend, but momentum is slowing
MA Setup:
MA(7) ≈ MA(25) → compression phase
MA(99) well above price (~0.0405) → higher-TF bearish bias still active
Price is below MA(99) → no trend reversal yet
📉 Price Action & Volume
Strong dump earlier from 0.0406 → 0.0390
Since then, price is range-bound with small candles
One bullish spike was immediately sold into → sellers still active
Volume is decreasing, showing lack of strong conviction from both sides
🧱 Key Levels
Support Zone
0.0390 – 0.0388 (major intraday base)
Breakdown below 0.0388 = bearish continuation
Resistance Zone
0.0398 – 0.0400 (local supply)
0.0405 (MA(99) + strong rejection zone)
📌 Scenarios
Bearish Continuation (More Likely)
Failure to reclaim 0.0400
Breakdown below 0.0388
Targets: 0.0383 → 0.0378
Short-Term Relief Bounce
Hold above 0.0390
Clean 15m close above 0.0400
Possible push toward 0.0405 – 0.0410
This would still be a pullback, not a trend change
🧠 Trading Insight
Trend traders: Stay cautious, bias still bearish
Scalpers: Only play quick bounces near support with tight SL
Best confirmation: MA(99) reclaim + volume expansion
If you want, I can:
Give exact scalp entry / SL / TP
Do 1H or 4H trend bias
Convert this into a Binance Feed-style post
Just tell me 👍
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