🚨 $CHILLGUY /USDT (1H TF) – Resistance Breakout Zone Play.🚨
Entry: 0.0127 – 0.0129
Take Profit (TP): 0.01355 / 0.01562
Stop Loss (SL): 0.00988
Risk/Reward: ~1:2.2
Reasoning:
Price is pushing into a strong supply zone (red box) after a clean parabolic move inside an ascending channel. Momentum is slowing with small-bodied candles → signs of exhaustion.
This is a classic overextension + resistance confluence setup:
• Multiple rejections forming near 0.0130
• Price already stretched far from base (liquidity grab likely done)
• Channel top + horizontal resistance overlap
If it breaks and closes above 0.0133 cleanly → setup invalid (continuation pump).
Right now, bias = short pullback before next move.
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