$1000CHEEMS Bounce or Breakdown Ahead?
Price is testing the support near 0.001134 after a rejection at the local resistance zone. Volume shows weakness, and the bulls must step in fast to avoid further downside. Watch for a breakout or a sharp retest soon.
Key Levels to Watch
• Resistance Zone: 0.001140 to 0.001150
• Support Zone: 0.001130 – Break below here may trigger fast selling to 0.001120 or lower.
Trade Setup
• Long Entry: Above 0.001140
• Target 1: 0.001150
• Target 2: 0.001165
• Short Entry: Below 0.001130
• Target 1: 0.001120
• Target 2: 0.001105
Bearish pressure dominates for now. Only a clean reclaim above resistance can flip the sentiment.