$CHR
: SHARP DROP TO CRITICAL LOWS – OPPORTUNITY OR RISK...
$CHR collapsed by -18.35%, currently trading at $0.2621, after reaching a 24-hour low of $0.2616. The sale followed an unsuccessful attempt to hold the resistance level of $0.2763, leading to a price drop into bearish territory. Immediate support is at $0.2608, which will be a critically important level to watch for a potential bounce. If buyers defend this zone, traders may target a quick rebound to $0.2663 or higher.
However, a break below the support level could lead to further declines, increasing the risk for long positions. Traders should monitor volume and RSI for signs of reversal and manage risks with tight stop-losses. CHR is at a crossroads – a quick rise or a deep fall could happen at any moment.