🩸CHR Downtrend: Is There a Bottom in Sight?🩸

#CHR is currently in a downtrend with a recent break and retest of the support zone. This suggests a potential continuation lower towards the next support area at $0.207-$0.217.

Here's a breakdown:

•Downtrend: No signs of #bullish momentum yet.

•Broken Support: The previous support area may now act as resistance.

•Lower Support Target: Potential price target could be the $0.207-$0.217 zone.

Here's why waiting might be prudent:

•Confirmation Needed: A confirmed break and retest of the lower support area could offer a clearer entry point.

•Volatility: Downtrends can be volatile, waiting for a potential reversal can help reduce risk.

What are Your expectations from $CHR ??