$CHR RISING WEDGE BREAKDOWN: SHORT SETUP IN PLAY 🔥
Entry: $0.01510 – $0.01520 🔥
Target: $0.01470 / $0.01410 / $0.01390 🚀
Stop Loss: $0.01580 ⚠️
This rising wedge breakdown on the 1H is textbook — price rejected the local top and sellers are stepping in with increasing volume. Unless $CHR reclaims that recent high above $0.01580, the path of least resistance is lower. The drop from the wedge measured move targets the first support zone around $0.01470.
Bears are in control here and the 20x leverage window adds fuel if momentum continues. Are you shorting now or waiting for a retest of the breakdown level?
Not financial advice. Always manage your risk.
#CHR #ShortSetup #Breakdown #Bearish
🔥
Entry: $0.01510 – $0.01520 🔥
Target: $0.01470 / $0.01410 / $0.01390 🚀
Stop Loss: $0.01580 ⚠️
This rising wedge breakdown on the 1H is textbook — price rejected the local top and sellers are stepping in with increasing volume. Unless $CHR reclaims that recent high above $0.01580, the path of least resistance is lower. The drop from the wedge measured move targets the first support zone around $0.01470.
Bears are in control here and the 20x leverage window adds fuel if momentum continues. Are you shorting now or waiting for a retest of the breakdown level?
Not financial advice. Always manage your risk.
#CHR #ShortSetup #Breakdown #Bearish
🔥