#CHILLGUY📈

Technical Analysis:

Breakout:

Clear breakout happened after a long consolidation phase.

Price surged sharply from around 0.02850 to a high of 0.04215, an almost 47% move.

Volume:

Massive volume spike (4.42B CHILLGUY in 24h) confirms strong breakout — volume is critical to validate any breakout.

Current Price Action:

After the breakout, price is now consolidating sideways near the high (around 0.04150).

No strong rejection — bullish continuation pattern possible.

Support and Resistance:

Immediate Resistance: 0.04215 (today’s high)

Immediate Support: Around 0.03800 - 0.03900 (small structure base)

Major Support: 0.02850 (previous low before breakout)

Trend:

Momentum is strong and bullish on the 1h timeframe.

Higher lows and higher highs confirm an uptrend starting.

Trade Plan (Post-Breakout):

If you're not in a trade yet:

Entry:

Wait for a slight pullback toward 0.03900–0.04000 zone (retest of support).

OR if breakout over 0.04215 happens, enter with small position (breakout continuation play).

Stop-Loss:

Below 0.03800 to 0.03750 area. (Risk around 5–8%)

Target 1:

0.04500 psychological level (first easy target).

Target 2:

0.04800–0.05000 area (extension target).

Risk Management:

Use small size if entering after such a big move — avoid chasing blindly.

Risk only 1–2% of your account per trade.

If you're already holding a position:

Options:

Partial Take Profit: Take 30–50% off near 0.04500.

Move Stop-Loss to Break-even: Lock profits.

Let the rest ride: Toward 0.05000 if bullish momentum continues.