$CHR : SHARP DECLINE TO CRITICAL LOWS – OPPORTUNITY OR RISK...
$CHR has plummeted -18.35%, currently trading at $0.2621, after hitting a 24-hour low of $0.2616. The sell-off follows a failed attempt to hold the $0.2763 resistance, pushing the price into a bearish zone. Immediate support lies at $0.2608, which will be a crucial level to watch for a potential bounce. If buyers defend this zone, traders can target a quick rebound toward $0.2663 or higher.
However, a breakdown below support could lead to further declines, increasing the risk for long positions. Traders should keep an eye on volume and RSI for signs of reversal and manage risk with tight stop losses. CHR is at a decision point – a swift recovery or deeper drop is on the cards.
