$CHR

/USDT: Sharp Drop - Will It Find Support? 📉📊

Current Price: 0.2829 USDT (-13.22% in 24h)

Momentum: Bearish

Trade Strategy

Bullish Setup:

Buy: Around 0.2800

Targets:

🎯 0.2900 (Short-term resistance)

🎯 0.3000 (Next resistance zone)

Stop-Loss: Below 0.2700

Bearish Setup:

Short: If price drops below 0.2700

Targets:

🎯 0.2600

🎯 0.2500

Stop-Loss: Above 0.2900

Watch Out:

RSI: Look for signs of oversold conditions (<30) for potential reversal points.

MACD: Monitor for bearish continuation if the MACD remains below the zero line.

Possibility 1: Bullish Reversal

A drop has brought the price close to support at 0.2800. If buyers step in, we could see a bounce towards 0.2900 and 0.3000.

Possibility 2: Further Decline

A break below 0.2700 could trigger further downside, testing 0.2600 or 0.2500.

Monitor closely as CHR battles these key support levels!

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