$1000CAT /USDT – BEARISH MOVE INCOMING 🚨🐻

🔍 Technical Analysis:

The meme coin $1000CAT/USDT is showing signs of weakness after failing to hold above key support levels. With price currently trading at $0.00631 (-5.68%), bearish momentum is gaining strength on the lower timeframes.

📉 Key Levels:

Resistance Levels:

🔺 R1: $0.00660

🔺 R2: $0.00684 (24h High)

Support Levels:

🔻 S1: $0.00629 (Current near-term support)

🔻 S2: $0.00618 (Next significant support)

🔻 S3: $0.00600 (Psychological level)

💣 A break below $0.00629 confirms further downside pressure!

📌 Trade Setup – SHORT POSITION:

Entry: $0.00629 (break of current support)

Targets (TP):

🎯 TP1: $0.00618

🎯 TP2: $0.00600

Stop Loss (SL): 🔒 $0.00645 (above recent minor resistance)

📊 Risk/Reward Ratio: ~2:1

⚠️ Risk Management:

Risk 1-2% of your capital per trade. Always use SL and never overleverage. Stay sharp and react to price action! 🧠📉

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