$CHESS /USDT Alert from the Uptrend 💯🔥
Bullish Breakout - Increasing Momentum Above Support Level!
The price of $CHESS has risen by more than 12%, and is currently stabilizing at the local resistance level of $0.0692. Its price shows a strong increase from $0.0640, forming higher lows, and re-testing the breakout level - indicating the possibility of continuation if buying volume increases.
Trading Setup (Long):
Entry Zone: $0.0675 - $0.0683
Target 1: $0.0700
Target 2: $0.0730
Stop Loss: $0.0660
Market Outlook:
Momentum favors the uptrend with a clear structure of higher lows. If the price maintains stability above $0.0670, it is likely to continue towards higher resistance zones. Watch for a clear candle close above $0.0692 for further confirmation.
Risk Management Advice:
Enter with only 2-3% of your portfolio and use a stop-loss order just below the support level - do not let emotions override your plan.
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