Trading signal alert for $CHR /USDT
$CHR /USDT has been on a strong upward trend, and the current price is $0.2626. The Relative Strength Index (RSI) is currently at 81.2934, indicating overbought conditions. This suggests that a pullback or consolidation phase may be imminent.
Entry:
* Long Entry: Consider entering a long position at the current price of $0.2626. Set a stop-loss below the recent low of $0.2097 to protect your investment.
* Short Entry: If you're looking for a short position, wait for a retracement to the 24-hour low of $0.2097. Set a stop-loss above the recent high of $0.2694.
Targets:
* Take Profit 1: $0.2766
* Take Profit 2: $0.2832
* Take Profit 3: $0.2999
Support and Resistance:
* Support: $0.2097, $0.2299
* Resistance: $0.2766, $0.2832
Caution:
* The market is currently overbought, and a pullback or consolidation phase is likely.
* Traders should exercise caution and monitor the market closely for any signs of reversal or breakout signals.
