$CHESS Tactical Reversal from the Bottom: Watch the Next Move.....

$CHESS just rebounded sharply from the 0.0670 zone, carving out a clean reversal after a prolonged downtrend. With strong green candles and volume shift on the 1H chart, this looks like the beginning of a short-term bullish wave.

Long Trade Setup

Entry Zone: 0.0705 – 0.0713

TP1: 0.0728

TP2: 0.0745

TP3: 0.0762

Stop Loss: Below 0.0682

Market Insight:

This is a classic oversold bounce with confirmation through price action and a growing bid wall. The move off the bottom signals that buyers are regaining control. If the momentum continues, a breakout above the 0.0749 resistance could trigger an extended rally.

Strategy Tip:

Let the pullback retest the lower end of the entry zone before entering. This setup favors patient entries and tight risk control.