$1000CHEEMS /USDT BEARISH REJECTION SETUP: SHORT OPPORTUNITY FROM SUPPLY ZONE

Price is showing rejection from the upper resistance area after failing to sustain breakout momentum, forming signs of exhaustion and potential short-term distribution at higher levels.

SHORT ENTRY ZONE: 0.000600 – 0.000610

STOP LOSS: 0.000622 (above recent swing high invalidation)

TAKE PROFIT TARGETS:

TP1: 0.000585

TP2: 0.000574

TP3: 0.000560

Market structure indicates weakening bullish pressure with sellers stepping in near resistance, increasing probability of continuation toward lower liquidity zones.

RISK MANAGEMENT:

Risk only 1–2% per trade, avoid chasing spikes, and secure partial profits at each target while moving stop loss to breakeven after TP1.

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1000CHEEMSUSDT

Perp

0.0006251

+8.65%