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💡 Quick Technical Analysis:
✅ Strong rebound! After a drop towards the bottom at 0.001218, the price experienced a strong rebound and consolidation near 0.0016, reflecting a clear buying appetite.
✅ RSI at 93.61 – in an excessively overbought zone, which may indicate a potential short-term correction, but momentum remains strong.
✅ Positive MACD crossover! The DIF line has crossed the DEA upward, reflecting the entry of a new bullish wave that may extend to higher levels.
📊 Trading volume is increasing, with a clear breakout of moving averages, and strong bullish candles support the idea of continuing the upward trend.
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🚀 Expected Scenario:
If the resistance area at 0.00163 is surpassed, the path may be open towards:
✅ 0.00185
✅ 0.00210
✅ And perhaps a new peak in the medium term!
In the case of profit-taking and a temporary drop, the area of 0.00145 – 0.00132 forms strong support.
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🔥 Is 1000CHEEMS ready to soar?!
Momentum is at its highest levels, and interest from traders is increasing. Any push from buyers could drive the price towards new historical levels!
📢 Share your opinion! Do you think the price will continue to rise or are we close to a correction?
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📌 Important Tips:
🔹 Watch for short correction signals after the RSI reaches saturation levels.
🔹 Follow the breakout of resistance closely, as this may open the door for more profits.
🔹 Set a suitable stop-loss at the nearest support to avoid market surprises.
