CRITICAL CHEEMS ALERT: THE GREAT PLUNGE & GRIND DOWN!

A massive, violent sell-off on October 27th drove the $1000CHEEMS /USDT price off a cliff, bottoming out at a terrifying 0.000860 USDT! This single candle event liquidated a huge portion of the market, confirming a "whale dump" or major market dislocation.

Since the crash, the 4-hour chart is charting a relentless bearish grind. The price has been stuck in a protracted downtrend, creating a technical structure of clear Lower Highs and Lower Lows.

* Current Battle: \approx **0.001203** USDT.

* The Cliff: Price dropped from a peak of \approx **0.001636

* The Floor: The absolute critical support is the wick low at 0.000860.

The Thriller: The fight is on! Bulls are currently failing to reclaim the key \mathbf{0.001333} resistance. If the slow bleed continues and the price touches the \mathbf{0.000860} floor, prepare for a potential re-test of the lows the ultimate sign of capitulation.

Volume (1.02M USDT) remains active, but currently favors the bears in the macro trend. Watch the floor: a break below 0.000860 would unleash chaos!

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