DeFiVolatility

🚨 $1000CHEEMS / USDT – Short Setup Brewing at Resistance! 🚨
$1000CHEEMS is currently trading at $0.001598, showing signs of exhaustion after testing the $0.001604 resistance. Price action has turned choppy with lower highs forming — a classic signal for a potential short opportunity.

📉 Trade Setup:
A clean break below $0.001580 could lead to further downside targeting:

TP1: $0.001560

TP2: $0.001520

🛡️ Risk Management:
Stop-Loss: $0.001615 (above recent swing high)
Take partial profits at TP1 and trail SL to lock in gains if momentum continues.

📊 Pro Tip: Watch volume! A spike in sell volume combined with rejection at current levels could confirm the breakdown. Stay nimble and manage risk.


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