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CHR / TetherUS

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CHRUSDT trade ideas

CHRUSDT Trading opportunityCHRUSDT is currently demonstrating strength as it holds the ascending trendline, indicating underlying bullish momentum. Additionally, there are signs of a potential rounding bottom formation, with the neckline serving as a crucial external supply level. Our plan involves accumulating the coin within the immediate demand zone and patiently waiting for it to test the significant neckline resistance zone. It's essential to approach trading with the utmost care and diligence, given the market's volatility. We value your insights and opinions on CHRUSDT
by weslad
4
CHR/USDT Bullish pennant formation, Indicating Bullish momentum!💎 CHR has recently encountered notable market dynamics, with the current price bouncing within a support area and forming a bullish pennant pattern. 💎 This pattern typically suggests a continuation of the bullish trend. If CHR successfully breaks out of the pattern, it may experience significant upward movement, potentially reaching our target area. 💎 However, if CHR faces rejection and fails to break out, it may revisit the support area for multiple tests. 💎 This support area holds significant importance, as a failure to sustain it could lead to a breakdown and signal further downward movement for CHR.
by MyCryptoParadise_Nathan
2
CHR ANALYSIS (4H)In the current situation, you can look for a buy/long position only in the demand range, and only the buy/long position in this range is low risk. There is a liquidity pool at the bottom expected to be swept away soon The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
CHR/USDT Facing a critical resistance area. Breakout or rejected💎 CHR has recently undergone significant developments in the market. Currently, CHR is facing a critical resistance area. A week ago, CHR attempted to break through this resistance but faced a strong rejection, causing the price to retest the support area. 💎 Now, CHR is making another attempt to break through this key resistance level, and if successful, it could trigger a bullish momentum, leading to a significant upward movement with the probability to reach the bearish order block (OB) area. 💎 However, if CHR once again fails to break through and shows signs of bearish rejection, similar to the previous attempt, there is potential for the price to return to the support area to establish new momentum. 💎 The support area is of utmost importance and would require a bounce to maintain its bullish stance. If CHR fails to sustain above the support and breaks below it, this could indicate a shift back to a downward movement, with the potential to revisit the demand area or even move further downward.
by MyCryptoParadise_Nathan
CHR analysisOn the chart, we have a bearish CH and we have a liquidity pool at the top and bottom of the chart. It is expected that first the low liquidity pool will be swept and then the price will move to the high liquidity pool. Closing a 4-hour candle above the invalidation level will cause analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
1
CHR/USDT Facing on the Key area. Break out the area or rejected?💎 CHR has recently demonstrated notable market dynamics, currently facing resistance in the supply and Bearish Order Block (OB) area. 💎 A breakout from this area is needed for continued upward movement, probability leading to significant gains and reaching our target area. 💎 However, if CHR fails to break out above the supply area, it may face rejection and retreat towards the support zone around 0.298, where new momentum could be generated. 💎 It's crucial for CHR to bounce off the support area to resume its upward trajectory and attempt to break above the supply zone. Conversely, if CHR breaks down below the support level, it could signal a reversal in the trend, leading to further downward movement towards the demand area or possibly even lower.
by MyCryptoParadise