🚨 BEARISH BREAKDOWN LOADING? 🚨
$CHR / USDT is flashing warning signs – and the bears are circling.
After multiple failed breakouts near the $0.0750 zone, momentum is fading fast. Price is now chilling below both its 25 & 99 MAs – and that’s not a good look for the bulls. We’re seeing a lower high forming, suggesting sellers are tightening their grip. Support is cracking... and a breakdown could be next.
🎯 SHORT SETUP ON DECK:
🔻 Entry: Below 0.0715 – let the breakdown confirm
🎯 TP1: 0.0700
🎯 TP2: 0.0685
🛑 Stop Loss: 0.0735 (just above that pesky rejection zone)
🧠 Risk Management:
Don’t get greedy. Risk only 1-2% per trade. Once TP1 hits, trail your stop and lock in some gains.
⚠️ Keep your eyes peeled – this could be a textbook fade from resistance. Let the chart do the talking.$CHR