$1000CHEEMS It's Dropping Again! 📉 Let's Take a Peek Together Why!
Hello trader friends! 👋 I'm currently checking the 1000CHEEMS/USDT chart on the 4-hour timeframe. Wow, it seems like Cheems is not doing well right now! 😔
Important Points I Found:
- The trend is still going down! Lux Algo SMC shows a lot of BOS (Break of Structure) downwards. So, the selling pressure is still very dominant. 💨
- There's a "supply" area or strong resistance around $0.000320-$0.000330. If it rises to that point, it might hit a wall again! 🧱
- The trading volume is also sluggish right now, lacking enthusiasm, especially for buying. 😴
- RSI is close to the oversold area but hasn't shown a strong reversal signal yet. 😩
Optimistic View ✨:
Honestly, there are currently no strong optimistic signals. The price is still under selling pressure. It may consolidate below or continue to drop. 🤔
Cautious View ⚠️:
The downward trend is still very strong, friends. If there isn't a clear reversal confirmation, it's better not to rush into a buy position. Always prioritize the safety of your capital with a stop-loss! 🛡️
Conclusion:
1000CHEEMS is currently underperforming. It's better to be cautious and carefully observe signals before making a decision.
Come on, share your opinions in the comments! 👇
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