Based on the chart image provided for CHILLGUY/USDT Perpetual, here is a technical and market structure analysis:
1. Market Context & Symbol Info
· Symbol: CHILLGUY/USDT (Perpetual Contract)
· Current Price: ~0.01881 USDT
· 24h Change: +5.73% (0.00102 increase)
· Trading Pair: Likely a low-cap or meme-type token given the price and name.
2. Chart Structure & Key Levels
· Timeframe: 4-hour chart (4H)
· Price Range: Between ~0.01000 (recent low) and ~0.03860 (recent high labeled A).
· Current Price: ~0.01881 (mid-range, near recent resistance turned support).
Key Levels:
· Resistance:
· A = 0.0386 (swing high)
· B = 0.026–0.028 area (previous reaction zone)
· Support:
· C = ~0.016–0.018 (current zone, holding for now)
· D = 0.01000 (major low)
3. Price Action & Pattern
· The chart shows a large decline from A (0.0386) down to D (0.0100), followed by a recovery.
· Currently, price is consolidating between C and B, forming what could be a bull flag or accumulation range on lower timeframes.
· There’s a recent push upward from 0.016 to 0.0188, suggesting buyer interest at lower levels.
5. Order Book Snapshot (Right Panel)
· Bid (BUY): 0.01881 (largest bid depth)
· Ask (SELL): 0.01879 (closest sell)
· Spread: Very tight (0.00002), typical for liquid perpetual contracts.
· Large sell wall at 0.03200.
· BigBeluga order: 5,000 lots at 0.03000 (significant resistance ahead).
6. Market Sentiment & Outlook
· Short-term: Neutral to slightly bullish if 0.018 holds.
· Break above 0.020 could target 0.026–0.028.
· Break below 0.016 risks revisit to 0.010.
· Large sell orders at 0.030–0.032 suggest#WriteToEarnUpgrade #BTCVSGOLD #writetoearn
