$CHESS #CHESS/USDT ♟️CHESS/USDT Spot Trading Signal 🔴BIG MOVE AHEAD🔴
📊 *Current Market Data*
- Price: $0.0680 (+1.19%)
- 24H Range: $0.0648 - $0.0699
- Volume: 11.51M CHESS / $768K USDT
📈 *Technical Observations*
- Price hovering near EMAs (7-day: $0.0678, 25-day: $0.0675)
- StochRSI at 75.36 (approaching overbought)
- OBV shows $156M inflow (bullish volume)
- Strong support at $0.0648 (24H low)
🎯 *Trade Setup*
🟢 *Bullish Scenario*
Entry: $0.0670-$0.0680
Targets:
1) $0.0705 (recent high)
2) $0.0742 (next resistance)
Stop: $0.0645
🔴 *Caution Signs*
- Low liquidity ($768K volume)
- EMA(99) at $0.0687 overhead resistance
- StochRSI may need cooling period
⚠️ *Important Notes*
1. Very thin order books - use limit orders
2. Watch BTC correlation (altcoins under pressure)
3. Liquid staking sector news may impact price
💡 *Smart Trading Tip*
"Consider scaling in - buy 50% at $0.0675 and 50% at $0.0665 to average entry"