Currency $CHR was requested from me, so I will update it for everyone:
🟢 On the weekly time frame:
The currency has reached areas it hasn't seen since 2021, and for me, this is considered a weak point, but it is currently at a strong weekly support area, and the price rebounded from it last time! So if you are a trader who prefers risk, entering from here with a good stop loss could be suitable, but any weekly close below $0.692 is frankly very negative!
🟢 On the daily time frame:
The currency is still facing the same issue, it has been in a downward trend since last November, and "Trend is your friend" so we expect the decline to continue until proven otherwise! And to prove otherwise, the currency needs 3 closes above $0.104 for me to say that the trend has started to reverse; at that point, I will personally wait for a correction to enter!
I am a trader waiting for confirmation to enter, so until that happens, I am just monitoring! Good luck to everyone!
