short technical analysis of the $CHR

/USDT pair with trade signals and target levels:

Technical Analysis:

Price Trend: CHR is currently showing a positive movement (+2.03%) after a bounce from the 24h low of $0.2262, indicating an upward momentum.

Support/Resistance Levels:

Support: $0.2262 (24h low)

Resistance: $0.2447 (24h high)

Indicators:

MA & EMA: Both indicators are trending upwards, suggesting a bullish momentum.

Bollinger Bands: Price is approaching the upper band, which can signal potential overbought conditions, but still indicates upward momentum.

MACD: The MACD line is above the signal line, reinforcing the bullish trend.

Trade Signal:

Buy: When the price breaks above $0.2407 and sustains the upward movement.

Sell: Consider profit-taking near resistance levels or if price shows signs of reversal near $0.2447.

Target Levels 🎯:

1. Target 1: $0.2457 (Resistance area)

2. Target 2: $0.2500 (Psychological level)

3. Target 3: $0.2600 (Extended upside target)

Trade Momentum:

Current Momentum: Bullish

Caution: Watch for potential resistance at $0.2447 and $0.2500. A break above these levels could signal further gains, while a drop below $0.2262 may signal a reversal.

Make sure to keep an eye on market conditions and adjust stop losses as necessary!

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