$1000CHEEMS UNDER PRESSURE – IS THE FLOOR ABOUT TO CRACK?
Current Price: $0.001642
24h High/Low: $0.001710 / $0.001614
24h Volume: 1.29B (CHEEMS)
Market Sentiment: Mildly Bearish (-0.30%)
Price action remains choppy and indecisive on the 15m timeframe. Multiple lower highs indicate ongoing selling pressure. Price just tested the lower range support at $0.001640—a breakdown below could invite heavier selling. However, bulls are still trying to reclaim the $0.001650 zone.
Trade Setup:
• Entry Zone: $0.001640 – $0.001645
• Take-Profit Targets:
• TP1: $0.001650
• TP2: $0.001660
• TP3: $0.001670
• Stop-Loss: Below $0.001614 (recent low)
$1000CHEEMS is at a make-or-break level. If support cracks, expect a sharp drop. But if bulls manage to regain momentum, it could quickly retest the $0.00166–$0.00167 range.