$CHR
/USDT Technical Analysis & Trade Signal
Current Price: $0.2602
24h Change: +8.15%
Technical Indicators:
Support Levels:
$0.2505 (minor support)
$0.2286 (stronger support)
Resistance Levels:
$0.2694 (immediate resistance)
$0.2724 (major resistance)
Momentum:
The price is showing bullish momentum, having risen by 8.15% in the last 24 hours.
RSI (Relative Strength Index) is likely in a neutral or slightly overbought range, suggesting the possibility of short-term consolidation or further upside if momentum continues.
Trade Signal:
Buy Entry: $0.2600 (near current price)
Target Levels:
Target 1: $0.2694 (first resistance level)
Target 2: $0.2724 (strong resistance)
Target 3: $0.2800 (potential breakout target)
Stop Loss:
Stop Loss: $0.2500 (below support level to limit potential losses)
Momentum:
Bullish: The overall market sentiment is positive, with a significant recent price increase, suggesting continued upward momentum if it can break through resistance at $0.2694.
Note: Watch for any retracement or reversal signals at resistance levels to reassess trade positioning.