$1000CHEEMS

Market Movement Analysis for 1000CHEEMS/USDT
Current Market Condition:

Bearish Trend with Weak Support:

The price is in a strong downtrend with lower highs and lower lows.
The 7-day MA (yellow) is below the 25-day MA (orange), confirming bearish sentiment.
The 99-day MA (purple) remains flat but is positioned above the price, indicating long-term weakness.

Support and Resistance Levels:

Support: 0.001008 (recent low).
Resistance: 0.001015 – 0.001020 (previous highs).

Moving Averages Indication:

The price is below all moving averages, showing continued selling pressure.
The downward slope of the 7-day and 25-day MAs indicates more downside potential.

Price Momentum:

Candles are small with low volatility, suggesting lack of strong buyers.
If price breaks below 0.001008, further downside towards 0.001000 is possible.




Next Price Movement Prediction

Bearish Scenario (More Likely):

If the price fails to break above 0.001015, it may continue to drop to 0.001005 – 0.001000.
The downtrend could extend further if selling pressure continues.

Bullish Scenario (Less Likely):

A break above 0.001015 could trigger a short-term bounce toward 0.001020 – 0.001025.
Buyers need to step in to reverse the bearish momentum.




Trading Signal
Sell (Short) Setup:

Entry Price: 0.001009 – 0.001010
Take Profit (TP): 0.001005 – 0.001000
Stop Loss (SL): 0.001015

Buy (Long) Setup (If Reversal Happens):

Entry Price: 0.001015
Take Profit (TP): 0.001020 – 0.001025
Stop Loss (SL): 0.001008

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