๐$1000CHEEMS /USDT Analysis โ Breakout Zone Confirmed? ๐
Current Price: 0.001526 USDT
24H Change: +7.16%
Timeframes Analyzed: 1H & 4H
Trend Bias: โ Bullish continuation likely
๐ Chart Observations
๐น 1H Timeframe:
$1000CHEEMS Price is holding above the 20 EMA (0.001498), showing near-term strength.
RSI is at 70.79, nearing overbought, but not yet exhausted.
MACD histogram shows fading momentum but still bullish (blue above yellow).
๐น 4H Timeframe:๐
Clean breakout above previous resistance (0.001464), now acting as support.
MACD lines are aggressively diverging upward, signaling strong buying interest.
RSI at 71.65, a zone of caution for late buyers but still healthy for breakout riders.
๐ง Trading Strategy (Bullish Bias)๐ฅ
โ Entry Zone: 0.001510 โ 0.001520 (current price levels)
๐ฏ Target 1: 0.00160
๐ฏ Target 2: 0.00165
๐ก Stop Loss: Below 0.001455 (EMA50 zone)
Trade Duration: 8โ16 hours (intraday breakout play)
๐ง A pullback to the 0.00149โ0.00150 zone may offer a second entry opportunity. Watch for a bullish engulfing or RSI bounce from 55โ60 zone for re-entry.
๐ Momentum is favoring buyers as $1000CHEEMS CHEEMS grinds above key moving averages. Caution is advised at overbought levels, but structure remains intact for upside continuation.
๐ฌ โThe market rewards discipline. Master your entry, protect your downside, and let profit run with trend.โ
๐งจ This is not financial advice. Do your own research before investing.
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