Trading Signals for $CHR Chromia
Entry Range: $0.1650 - $0.1700
Action: Short Position
Stop-Loss (SL): $0.1755
Take-Profit (TP): $0.1610 - $0.1450
CHR has shown a 3.10% decline in the past 24 hours, with significant trading volume decreasing by 22.53%, suggesting weakening momentum. The Vol/Mkt Cap ratio at 9.3% signals moderate liquidity, suitable for short-term trades.
On the technical side, the price is close to testing support levels around $0.1650, with a potential consolidation pattern forming between $0.1650 (support) and $0.1780 (resistance). This suggests the possibility of a bearish breakout if the $0.1650 level is breached. The overall market sentiment and declining volume support a scalping strategy favoring short positions.
Suggested Scalping Strategy:
Entry Range: Enter short near $0.1700 if the price struggles to break resistance.
Stop-Loss (SL): Place a tight SL at $0.1755 to minimize risk.
Take-Profit (TP): Gradually take profit between $0.1610 (5%) and $0.1450 (15%), depending on market behavior and momentum.
🥂 Trade Now 👇$CHR
![](https://bin.bnbstatic.com/images/20200507/1ca0e8c6-e5bc-4cf3-94ee-2a5621afff67.png)
🚨 Note: Trade at your own risk. Always conduct your own research (DYOR).
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