$1000CHEEMS Bounce in Progress After Support Rejection
Price tapped into a demand zone (highlighted), forming a potential double bottom. Rejection wick + bullish candles indicate buyer interest. Short-term bullish reversal possible if momentum holds.
Trade Plan:
Entry Zone: 0.001520 – 0.001550
Target 1: 0.001620
Target 2: 0.001700
Final Target: 0.001740
Stop Loss: Below 0.001510
If price sustains above support, bounce continuation likely. Monitor for bullish volume spikes and confirmation candles.