$CHR
is currently trading around 0.0435, showing weakness after failing to sustain above the 0.0443–0.0445 resistance zone. Price faced a sharp rejection from the top and printed a strong bearish move toward 0.0432, which now acts as a short-term support. On the 1H timeframe, the structure shows lower highs and consecutive bearish candles, indicating that selling pressure is still present. The recent bounce looks corrective rather than impulsive, and volume has not confirmed a bullish reversal yet.
As long as CHR remains below key resistance, downside risk stays active. A loss of the current support zone could open the door for another leg down. Only a strong reclaim with volume would shift momentum.
Trade Setup
• Entry Zone: 0.0438 – 0.0443
• Target 1: 0.0430
• Target 2: 0.0424
• Target 3: 0.0416
• Stop Loss: 0.0449
If price breaks and holds above 0.0449 with solid volume, this bearish setup gets invalidated and CHR could transition into a recovery move. Until that happens, caution is advised and risk remains tilted toward further downside.