$CHR /USDT Technical Analysis 🚀
Target Achieved: $0.2590
Current Price Action: CHR/USDT is up +11.35% in the last 24 hours, breaking a key resistance level and reaching the $0.2590 mark. A strong bullish trend is observed in the 30-minute timeframe.
Next Potential Targets:
1. Immediate Resistance: $0.2690
A breakout above this level could signal further bullish momentum.
2. Mid-term Target: $0.2800
This aligns with historical resistance and Fibonacci extension.
3. Long-term Target: $0.3000
Psychological resistance with potential for extended gains if momentum continues.
Recommendation:
Consider securing partial profits at $0.2590 to minimize risk.
Adjust stop-loss to $0.2450 to protect against downside.
For aggressive traders, hold positions targeting $0.2690 and beyond.
Indicators to Watch:
RSI: Monitor overbought conditions.
Volume: Sustained high volume needed for continuation.