$1000CHEEMS / USDT – Longs Wiped at $0.00162! Reversal Watch Activated!
$2.55K in long-side positions erased at $0.00162
$1000CHEEMS took a significant dip, forcing out long positions.
The price now sits near key support, and traders are eyeing a potential reversal or bounce.
📉 POTENTIAL REVERSAL SETUP (WATCH THIS ZONE):
• Entry Zone: $0.00160 – $0.00165 (wait for confirmation above $0.00170)
• 🎯 TP1: $0.00180
• 🎯 TP2: $0.00190
• 🎯 TP3: $0.00200
• 🛑 Stop Loss: Below $0.00150
Market Insight:
The liquidation drop suggests liquidity hunting—this could be a prime setup for a counter-trend bounce if price stabilizes above $0.00165.
Pro Tip:
Look for a bullish candle close above $0.00170 on rising volume.
This would signal potential for a smooth reversal.
$1000CHEEMS just swept out weak hands—watch for the bounce to confirm the next move.
Stay sharp for entries in this zone!