Quick Profit Trading Signal For
$CHR Entry Range: $0.1360 - $0.1390
Action: Buy 📈
SL (Stop Loss): $0.1320
TP 1: $0.1420
TP 2: $0.1460
TP 3: $0.1500
🥂 Trade Now 👇
$CHR 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Signal:
CHR has been on a positive uptick, showing a 3.33% increase in the last 24 hours, with a trading volume surge of 25.32%, which is a good indication of increased interest and buying pressure.
The price has been trading between $0.1333 (low) and $0.1414 (high), indicating a narrow range which could break out to the upside if momentum continues.
Support around $0.1320 seems to be holding strong, and a bounce from here could see price action aiming toward $0.1420, with further targets at $0.1460 and $0.1500.
The market cap of $116.72M and high volume support the potential for a short-term rally in this range.
Reversal Possibility Trade Setup (Bearish Scenario)
If CHR fails to break above $0.1420 and starts showing signs of resistance or weakness, a reversal to the downside may be likely.
Entry Range: $0.1320 - $0.1340
Action: Sell 📉
SL: $0.1400
TP 1: $0.1280
TP 2: $0.1250
TP 3: $0.1200
Reason for Reversal:
The price has fallen from its all-time high of $1.50 and could face resistance near $0.1420.
If CHR fails to break above key resistance or loses momentum, it may pull back to retest support levels around $0.1320 and potentially further.
The high-volume action suggests a bit of volatility, so a failure to sustain momentum might trigger a short-term retracement.
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