🚀🚀🚀Technical Analysis and trading signal for $CHR /USDT🚀🚀🚀🚀

Current Price: $0.2652

24h High: $0.3160

24h Low: $0.2610

SAR (0.02, 0.2): $0.2673

Trend Analysis:

Bearish Momentum: The price has been declining by approximately 15% from the last session's high. The 24h low of $0.2610 suggests strong support, while SAR indicates a potential reversal point at $0.2673.

Resistance Levels: The next resistance level is near $0.2851, and if the price manages to break above it, further upside momentum could lead it towards $0.3160 (24h high).

Key Levels:

Support: $0.2610 (strong support zone)

Resistance: $0.2851 (initial resistance)

Strong Resistance: $0.3160 (24h high)

Trade Signal:

Buy Signal: If CHR/USDT breaks above $0.2673 (SAR level) with strong volume, it could indicate a reversal and upward momentum.

Sell Signal: If the price fails to break above $0.2673 and moves lower towards $0.2610, you might consider shorting, targeting further downside movement.

Target Levels 🎯:

1. Target 1: $0.2851 — A potential intermediate resistance level that could act as the first target for profit-taking.

2. Target 2: $0.3000 — A higher target if CHR shows significant upward momentum and breaks past the first resistance.

3. Target 3: $0.3160 — The 24h high, which can act as the final target for bulls.

Trade Momentum:

Bullish if price breaks above $0.2673, with a close above this level confirming momentum toward the target levels.

Bearish if the price continues to decline and fails to hold above the support at $0.2610, in which case further downside to $0.2400 could be expected.

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