CHR - Breakout will push the price higher

#CHR/USDT #Analysis
Description

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+ Price is trading inside the channel and waiting to breakout from the channel
+ This breakout could change the downtrend started in early 2024
+ A rejection at the resistance could push the price further down.
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VectorAlgo Trade Details
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Entry Price: 0.21
Stop Loss: 0.1592
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Target 1: 0.2759
Target 2: 0.3481
Target 3: 0.4485
Target 4: 0.7180
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Note
Price has rejected around the resistance. Let's wait for clear breakout
breakoutBullish PatternsChart PatternsCHRCHRBTCCHRUSDCHRUSDTHarmonic PatternsTechnical IndicatorsParallel Channelpatternsignal

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