$CHR 1H SHORT SIGNAL
CHR is losing momentum after failing to hold the $0.0235–$0.0240 region.
Price is around $0.02258, sitting below MA7 at $0.02268 and MA25 at $0.02304. MA99 is around $0.02259, placing price directly on a major 1H support level.
Short entry: $0.02265–$0.02305 rejection
Stop Loss: $0.02335–$0.02360
Invalidation: 1H close above $0.02360
TP1: $0.02220
TP2: $0.02160
TP3: $0.02080
The $0.02260–$0.02305 area is the battle zone.
A strong reclaim of $0.02305 followed by a move above $0.02335 would weaken the short setup.
Volume is the key confirmation here. CHR recently recorded a significant increase in trading volume alongside a technical breakout, but the current chart shows that momentum fading after the move. Recent market analysis identified $0.022 as important support and $0.025 as the next major resistance if that support holds.
So this is not a blind short at current price. The cleaner setup is a rejection from the $0.02265–$0.02305 zone.
$0.02305 is the level to watch.#GreekPoliceBustCryptoScamRingArrest17 #ZcashETFPostsFirstWeeklyOutflow$93.6M #BitcoinRejectedAt$87K
CHR is losing momentum after failing to hold the $0.0235–$0.0240 region.
Price is around $0.02258, sitting below MA7 at $0.02268 and MA25 at $0.02304. MA99 is around $0.02259, placing price directly on a major 1H support level.
Short entry: $0.02265–$0.02305 rejection
Stop Loss: $0.02335–$0.02360
Invalidation: 1H close above $0.02360
TP1: $0.02220
TP2: $0.02160
TP3: $0.02080
The $0.02260–$0.02305 area is the battle zone.
A strong reclaim of $0.02305 followed by a move above $0.02335 would weaken the short setup.
Volume is the key confirmation here. CHR recently recorded a significant increase in trading volume alongside a technical breakout, but the current chart shows that momentum fading after the move. Recent market analysis identified $0.022 as important support and $0.025 as the next major resistance if that support holds.
So this is not a blind short at current price. The cleaner setup is a rejection from the $0.02265–$0.02305 zone.
$0.02305 is the level to watch.#GreekPoliceBustCryptoScamRingArrest17 #ZcashETFPostsFirstWeeklyOutflow$93.6M #BitcoinRejectedAt$87K
