$1000CHEEMS /USDT Trade Setup & Technical Analysis – Rebound in Progress! 🚀
🔹 Risk-Reward Ratio: 1:3 (Good potential upside)
📌 Trade Setup:
🔹 Entry Zone: $0.001680 - $0.001720 (Buy on dips)
🔹 Take-Profit Targets:
🎯 TP1: $0.001820 (Recent high)
🎯 TP2: $0.001950 (Next resistance level)
🎯 TP3: $0.002100 (Strong breakout level)
🔹 Stop-Loss (SL): $0.001600 (Below key support)
Buy $1000CHEEMS Here! 👇
📊 Trade Analysis:
✅ Bounce from Support: Price rebounded after touching $0.001503, forming a higher low.
✅ RSI at 66.81: Shows strong bullish momentum, but still below overbought (70+), meaning more room for upside.
✅ MACD Bullish Cross Attempt: Early signs of a trend reversal with the MACD histogram showing green bars.
✅ Volume Increasing: Buy volume surging, confirming buying pressure at the lower levels.
🚨 Key Watchpoint: If the price fails to break above $0.001820, a retest of $0.001620 may occur before another breakout.
📢 Final Thoughts:
💡 Momentum is shifting bullish, but confirmation is needed with a break above $0.001820 for further upside. Scaling in carefully with stop-loss protection is recommended.
📌 Verdict: BULLISH with Recovery Potential! ✅ (Buy on dips, watch for breakout) 🚀🔥