$CHR chr/usdt showing potential reversal signs #CHR after +11.64% pump ...key resistance levels:
1) immediate: 0.0777 (current price)
2) strong: 0.0788 (24h high)
3) major: 0.0790 (upper bollinger band)
1) first support: 0.0754 (middle bollinger band)
2) strong support: 0.0687 (lower bollinger band)
3) critical support: 0.0683 (24h low)
bearish warning signs:
- rsi(6): 79.55 (extremely overbought on some timeframes)
- macd: potential bearish divergence forming
- volume decreasing on recent highs
- approaching multi-level resistance
potential scenarios:
1) rejection at current levels → drop to 0.0754
2) break below 0.0754 → test of 0.0687
3) sustained break below 0.0683 → deeper correction
trading considerations:
- high-risk short opportunities near 0.0788
- safer to wait for confirmed breakdown
- tight stop-loss above 0.0790 essential