๐Ÿšจ $1000CHEEMS / USDT โ€“ Short Setup Brewing at Resistance! ๐Ÿšจ

$1000CHEEMS is currently trading at $0.001598, showing signs of exhaustion after testing the $0.001604 resistance. Price action has turned choppy with lower highs forming โ€” a classic signal for a potential short opportunity.

๐Ÿ“‰ Trade Setup:

A clean break below $0.001580 could lead to further downside targeting:

TP1: $0.001560

TP2: $0.001520

๐Ÿ›ก๏ธ Risk Management:

Stop-Loss: $0.001615 (above recent swing high)

Take partial profits at TP1 and trail SL to lock in gains if momentum continues.

๐Ÿ“Š Pro Tip: Watch volume! A spike in sell volume combined with rejection at current levels could confirm the breakdown. Stay nimble and manage risk.

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