CHEEMSUSDT trade ideas
CHEEMSUSDT VIP Signal № 355The CHEEMS/USDT appears to have shifted its short-term trend from bearish to bullish, with the price stabilizing above the 200-day EMA. This presents a favorable risk-reward ratio for a long position, which I am sharing with you. My target for this setup is conservative, as I believe we are at the onset of an altcoin season. Let's see how it plays out.
CHEEMS/USDT Analysis – Potential Breakout Ahead?On the daily timeframe, CHEEMS/USDT is showing a clear ascending triangle pattern, indicating bullish pressure as the price forms higher lows while facing resistance around the upper trendline. This pattern is commonly seen as a continuation pattern in uptrends.
Key Levels:
Resistance: Around 0.00000102 USDT
Support: Around 0.00000095 USDT
Indicators in Play:
Volume: A slight increase in volume near the trendline suggests buyers are gaining control. A breakout with high volume above the resistance level will confirm the bullish momentum.
EMA/SMA: If moving averages (e.g., EMA 50 or SMA 200) are included, they may serve as dynamic support or indicate overall trend direction.
RSI: Check if RSI is nearing the overbought region (above 70), as this could indicate a potential correction before a breakout.
Potential Trade Setup:
Entry: Wait for a confirmed breakout above 0.00000102 with significant volume.
Target 1: 0.00000120 (short-term target based on the height of the triangle).
Stop Loss: Place below the last swing low around 0.00000093 to manage risk.
Bearish Scenario:
If the price breaks below the support line at 0.00000095, we could see further downside, possibly toward 0.00000085.
CHEEMS - LONG - Swing Trading*This is a re-entry from my last idea but for swing trading (see related publications).
Cheems is in an good entry, with a great support.
T1: 0.00000090
T2: 0.00000095
T3: 0.0000011
CHEEMS - LONG - 4 hour timeframe tradingCheems is in an extraordinary entry, with good support. High risk, fast and high profit trade. Be careful.
T1: 0.00000090
T2: 0.00000095
Cheems - 1 hour timeframe tradingRisky Trade - protect as soon as possible. 1 hour time frame. Resistance in 0.00000098 (TP 1). Close trade when it's around that price or take partial and protect in breakeven.
