$1000CHEEMS / USDT – Active Short Trade Setup

Status: Short Signal Confirmed

Current Price: $0.001581

Key Technical Levels:

• Resistance: $0.001640

• Support: $0.001500

• Breakdown Confirmation: $0.001570

Trade Parameters:

• Entry Range: $0.001580 – $0.001600

• Targets:

 – TP1: $0.001520

 – TP2: $0.001460

 – TP3: $0.001390

• Stop Loss: $0.001645

Technical Insight:

The chart is exhibiting a series of lower highs, accompanied by pronounced rejection wicks—indicating increasing selling pressure. A confirmed candle close below the $0.001570 level would validate a potential breakdown scenario.

Risk Management Tip:

Given the high volatility typical of meme assets, it's advisable to use reduced position sizing and wait for breakdown confirmation before entry.

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