$1000CHEEMS SHORT TRADE SETUP
After a sharp bullish push, price failed to hold near the recent highs and is now showing rejection with consecutive red candles. The latest move looks like momentum exhaustion, and sellers are stepping in around the resistance area. This structure hints at a short-term pullback before any further decision by the market.
1000CHEEMS
0.001223
+3.29%
Trade Plan (Bearish Bias)
Entry Zone: 0.00126 – 0.00130
Targets
Target 1: 0.00118
Target 2: 0.00110
Stop Loss
Above 0.00136
If price stays below the rejection zone, downside continuation remains likely. A strong move above resistance would invalidate the setup.