$CHESS Trade Plan Update – May 3, 2025
🚨 Market Check-In & Risk Alert 🚨
📉 Current Price: $0.06899
🔻 Change: -9.44% in the last 24h
🧯 Status: Price has dropped below Stop Loss ($0.07000)
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Original Trade Setup
✅ Entry Zone: $0.07550 – $0.08250
⛔ Stop Loss: $0.07000
🎯 Targets:
• Target 1: $0.08990 (Move SL to breakeven)
• Target 2: $0.09500
• Target 3: $0.11350
⚖️ Risk/Reward: 3:1
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🔍 Market Insight
CHESS has pulled back and is currently trading below the setup zone. This suggests the trade has been stopped out if entered previously.
However, short-term forecasts hint at a possible recovery:
📅 May 4: ~$0.07596
📅 May 10: ~$0.07602
📅 June 2: ~$0.07626
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🛠️ Strategy Going Forward
• ✋ Wait for bullish confirmation before re-entering
• 🛑 Reassess your SL and Entry if you're planning a fresh trade
• 🔁 Be ready to re-enter once momentum builds above $0.075
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Stay Sharp, Trade Smart!
