$CHILLGUY Here’s a detailed and simple analysis for $CHILLGUY, focusing on its recent short liquidation event and potential trading opportunities:

$CHILLGUY Analysis.

Short Liquidation: $1.1163K at $0.18907 indicates strong market activity and possible upward momentum after shorts were forced to close their positions.

Current Scenario: The short squeeze suggests that buyers may dominate the next moves, but caution is advised as prices can retrace after such events.

Buy Zone.

Ideal Entry Point: $0.175 - $0.185

This zone is where buyers might step in again if the price dips, providing a safer entry level.

Target Levels.

Target 1 (Short-term): $0.200

Close to psychological resistance where sellers might appear.

Target 2 (Medium-term): $0.220

Momentum-driven target if volume increases significantly.

Target 3 (Long-term): $0.250

A major breakout level, achievable if fundamentals and market conditions support.

Stop-loss.

Place a stop-loss at $0.170.

This ensures limited loss if the price continues to fall below support zones.

Key Observations.

1. Volume Spike: Monitor trading volume. High volume near $0.18907 may confirm buyer strength.

2. RSI Levels: If RSI shows overbought conditions, prices might face temporary correction.

3. News and Updates: Keep track of any updates about $CHILLGUY, as news can heavily influence its price.

Disclaimer.

This is not financial advice. Do your research and consider your risk tolerance before investing.

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