MachiavelliTrader

CHRUSDT UPDATE :Double Bottom Pattern and Potential Bounce 0.3?

Long
BINANCE:CHRUSDT.P   CHR / TetherUS PERPETUAL CONTRACT

Free CHR trade signal at the end of this post, please like, share and follow for updates
📊CHR Chart Analysis: Chromia buyers have formed a double bottom pattern on the daily chart, indicating a potential bounce as accumulation continues at this support according to MT's pandoras Box. However, it's important to note that CHR is currently range-bound on higher timeframes, suggesting a move toward the 0.25 resistance level. Breaking this resistance could lead to a move towards the 0.3 range, but there may be some back-and-forth price movements. While there is a chance of reaching 0.68, the probability is below 45%, so it should not be expected. It is advisable to set a stop loss at the $0.0884 range, as a break below that level could result in further downside. Therefore, while we anticipate bullish momentum, caution should be exercised due to potential bearish pressure, particularly at the current support level.

Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated.
Free CHR Long Trade Signal:
To.

📈 MT FREE CHR TRADE SIGNAL 📈
(Highly risky entries to Scalping Bull Opportunities )
👉 ASSET: CHR (CHR/USDT)
👉 ACTION: LONG
👉 1st ENTRY PRICE: $0.1237, 2nd Entry ; 0.13112, 3rd Entry ;0.1319
(Buy Incrementally)
👉 STOP LOSS: $0.0884(Risky Stop 0.1017)
👉 1st TAKE PROFIT: 0.169
2nd TP: $0.25 3rd TP: $0.358 (Extended 0.4 to 0.6)

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