Another day, another meme coin bleeding to zero.
$1000CHEEMS /USDT — No Support in a Freefall 💸
Down -23% and still falling. This token is in a relentless downtrend with every moving average acting as a ceiling. The volume is pathetic—no one is even trying to buy this dip because there is no dip, only lower prices.
🔴 SHORT SETUP (Fade any dead cat bounce)
📌 Entry Zone:
0.000625 – 0.000640
🎯 Targets:
🥇 TP1: 0.000590
🥈 TP2: 0.000570
🥉 TP3: 0.000550
🛑 Stop-Loss:
0.000655 (Above the EMA cluster)
Why This Could Work (trader logic only)
✅ Downtrend Perfection: EMAs are aligned bearish, and price respects them as resistance on every bounce.
✅ No Fundamental Value: This is a pure meme with zero utility. The only direction is down.
✅ Liquidity Drain: Volume is drying up, meaning even small sells create large downward moves.
⚠️ Important Rule:
This is a casino. Size must be negligible. Only consider if price has a weak bounce into the zone. A break above 0.000655 could trigger a minor pump from trapped shorts. Be prepared to lose this entire position. Not a trade, a gamble.