$ChillGuy Breakout Alert!
ChillGuy has broken the downtrend line and is now in the retest phase. If this support holds, a potential uptrend could follow.
However, for a bullish confirmation, the price needs to close above the 50-MA to gain further momentum.
📉 Key Levels to Watch:
✔️ Support: Holding the breakout trendline and zone
✔️ Resistance: Breaking and closing above the 50-MA
If the price successfully breaks above the 50-MA, it could signal strong buying pressure. Otherwise, there’s still a risk of a fakeout.
🚀 What’s your take? Is this a real breakout or a fakeout? 👇
#MarketAnalysis #CryptoCommunity #CHILLGUY