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Mrs_Rose
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Bearish
The given coin is currently targeting 0.001267 as its immediate reaction level based on the rejection shown on the chart.
From the structure visible, $1000CHEEMS
{future}(1000CHEEMSUSDT)
pushed into a minor resistance zone and got rejected, creating a short-biased opportunity as long as price stays below 0.001256. The wicks toward the upside show sellers defending this zone, while buyers are losing momentum after a strong impulsive move. If the candle closes below 0.001250 again, the short setup strengthens and opens the door for a corrective move back toward lower liquidity levels.
At the same time, the long opportunity only becomes valid if price reclaims 0.001256 with strength. A breakout and retest of that level would flip this zone into support, allowing bulls to target 0.001267 and 0.001280 next. Until that reclaim happens, the market continues leaning in favor of sellers inside this micro-range.
Short Outlook: As long as 0.001256 remains unbroken, the chart favors a pullback toward 0.001227.
From the structure visible, $1000CHEEMS
{future}(1000CHEEMSUSDT)
pushed into a minor resistance zone and got rejected, creating a short-biased opportunity as long as price stays below 0.001256. The wicks toward the upside show sellers defending this zone, while buyers are losing momentum after a strong impulsive move. If the candle closes below 0.001250 again, the short setup strengthens and opens the door for a corrective move back toward lower liquidity levels.
At the same time, the long opportunity only becomes valid if price reclaims 0.001256 with strength. A breakout and retest of that level would flip this zone into support, allowing bulls to target 0.001267 and 0.001280 next. Until that reclaim happens, the market continues leaning in favor of sellers inside this micro-range.
Short Outlook: As long as 0.001256 remains unbroken, the chart favors a pullback toward 0.001227.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1000CHEEMS
0.001254
-0.08%
