$CHILLGUY This liquidation suggests a significant selling pressure at this level indicating a bearish sentiment at the moment.
Let’s dive into a step by step analysis to determine the next possible actions.
Key Levels to Watch.
1. Buy Zone:
A potential buy zone is between $0.18 to $0.20 where the price may stabilize or reverse.
2. Target Levels (Profit Booking):
Target 1: $0.22 (short-term resistance level)
Target 2: $0.25 (strong resistance and profit-taking level)
Target 3: $0.30 (for a larger swing trade)
3. Stop Loss.
Place your stop loss below $0.17 to minimize risk if the price continues falling.
Market Sentiment.
Current Trend: Bearish with signs of consolidation around $0.20.
Trading Volume: If volume increases near $0.20 it might confirm a reversal.
Indicators to Watch.
RSI: Look for oversold conditions (<30) for buying signals.
MACD: Wait for a bullish crossover to confirm upward momentum.
What Should You Do Next.
1. Short Term Traders.
Enter near $0.20 with a tight stop loss.
Target $0.22 for a quick profit.
2. Swing Traders.
Accumulate between $0.18–$0.20.
Hold until $0.25 or $0.30 for higher returns.
3. Risk Management:
Never invest more than 2-5% of your total portfolio in one trade.
Conclusion.
$CHILLGUY is in a critical zone.
The next move will depend on volume and market sentiment.
Stick to the strategy use stop loss effectively and stay patient for your targets.
Would you like further guidance on technical indicators or other coins.
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