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CHILLGUY recently experienced a truly exciting rally. Starting from the bottom at $0.02076, the price has already climbed nearly 50%, now hovering around $0.02384, approaching the key resistance level at $0.02575.
Honestly, this price level is like the final ridge on a mountain climb. From a technical perspective, historical resistance levels often become battlegrounds for bulls and bears. Sometimes they break through and continue upward, other times they get crushed and lead to a correction. Currently, the price is approaching this level but hasn't broken through yet.
The key point here is: when approaching a resistance zone, risk management is crucial. Market sentiment is like a roller coaster—when prices rise, enthusiasm is high; when they fall, panic can set in. Chasing the market or panic selling often results in getting trapped.
Here are a few points to watch:
First, technical analysis is just a reference, not a prophecy. Resistance levels can turn into support or be broken through directly.
Second, news and information are the hidden game-changers. If the project team makes a large sell-off or releases positive news, the trend can reverse 180 degrees instantly.
Third, risk control is the most important. Set proper stop-losses and don’t invest all your assets at once. The market changes quickly, so defensive strategies are more important than anything else.