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💡 Quick Technical Analysis:
✅ Sharp rise followed by a correction! After reaching a peak of 1000CHEEMS at 0.001668, it entered a natural corrective wave and settled near the 0.001440 level, which may indicate a new support base forming.
✅ The RSI (Relative Strength Index) is at 44.5 – indicating that the currency is still in a neutral zone, with a slight tendency towards oversold conditions, opening up space for a bullish rebound if buyers intervene strongly.
✅ The MACD (Moving Average Convergence Divergence) shows convergence between the DIF and DEA lines with a clear weakening in negative momentum, which may pave the way for a positive crossover and a return to upward movement.
📊 Trading volumes are currently stable, and as long as the price remains above the 0.001406 levels (lowest price in 24 hours), a slight increase in volume could be a catalyst for an upcoming price explosion.
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🚀 Expected Scenario:
If the resistance area of 0.00150 – 0.00152 is successfully breached, we may witness an upward movement towards:
✅ 0.00160
✅ 0.00166 (retesting the previous peak)
✅ Perhaps an attempt to surpass 0.00168 with strong short-term momentum!
In case of a drop, the area of 0.001406 forms a very strong support, and breaking it could push the price to test 0.00130 temporarily before any rebound attempt.
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🔥 Is 1000CHEEMS ready to fly again?!
Technical signals suggest that the currency is approaching a turning point, as prices are at attractive buying levels, and any sudden buying intervention could lead to a strong and rapid surge!
📢 Share your opinion! Do you think 1000CHEEMS could make a new leap soon?! 👇
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📌 Important Tips:
🔹 Don't enter impulsively – set your goals and plans wisely, with an appropriate stop loss.
🔹 Utilize support and resistance levels to identify entry and exit points for optimal risk management.
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