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.