CHRUSDT trade ideas
CHR, fell below the neckline support.The following content is machine translation:
Twice blocked around 0.97.
The blocked fall fell directly below the neckline support.
The market has a high probability of going down to repair the long lower shadow.
Operate to go short near 0.65, or below 0.5 to properly chase the short, and look down at the target near 0.3.
CHR (Update)CHR broke its major resistance level turning it into a major support zone. The daily chart has a lot of wick showing rejection. 4-hour charts seem to be taking retests on the zone. You can open buy positions within the zone with small risk and rest if price dumps.
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CHRUSDT UPDATECHR is forming a new uptrend on 1d and 4H TF, we can see price has retraced to the 0.5 fibonacci in confluence with ascending trendline support potentially forming a new swing low here. Waiting on 4H TF for break and retest of structures and the environment of the market according to the indicators to cut for bullish before we can possibly enter a leveraged long.