I’m watching $CHESS after that insane 4h candle. Price ripped from 0.03300 to 0.05366 in one brutal move, liquidating shorts instantly. Volume exploded, then retraced cleanly into 0.04050 where the market is trying to stabilize. Moves like this only show up when big players step in quietly. CHESS isn’t silent anymore something’s shifting.
Hypothetical Trade Setup (Educational Only)
Entry Zone
0.03920 – 0.04080 (retest of breakout impulse + demand pocket)
Target Points
TP1: 0.04550
TP2: 0.05080
TP3: 0.05360 (wick high sweep)
Stop Loss
0.03680 (below reclaim zone + invalidation of breakout structure)
Why this Setup Works
I’m using the violent wick as confirmation that real liquidity sits below the breakout. When price pulls back after a liquidation spike, smart money often re-accumulates near the origin of the move. The entry zone is where buyers previously stepped in with force. If that zone holds, momentum can rebuild toward the highs. If it breaks, the idea is invalid — hence the stop below structure.
If you want, I can also give you a risk-to-reward breakdown or an alternate aggressive entry.
