⚠️ $CHESS /USDT – Sharp Correction After Local Peak!
Price: $0.0706 (▼12.41%)
Category: Liquid Staking | Market Sentiment: Bearish Pressure Dominates Short-Term Action
📊 Momentum Analysis
CHESS faced strong selling after peaking at $0.0814, dropping over 12%. Despite the correction, 47.35M CHESS were traded in the last 24h, with $3.58M USDT in volume, showing continued liquidity amid the drawdown.
🟢 Long Setup (Oversold Bounce Potential)
Entry Zone: $0.0685 – $0.0710
Targets:
🎯 T1: $0.0748
🎯 T2: $0.0789
🎯 T3: $0.0810
Stop Loss: $0.0672
🔓 Breakout Confirmation Level
CHESS needs to reclaim $0.0740 with high volume to confirm reversal from oversold territory and retest previous highs.
🛡 Key Support Levels
Immediate Support: $0.0690
Deeper Support: $0.0672
💡 Pro Tip for Traders
Watch for bullish divergence on shorter timeframes (15m–1h). A swift bounce from oversold levels could offer scalping opportunities, but stay cautious if volume fades.
📈 24h Range: $0.0690 – $0.0814
📦 Volume: 47.35M CHESS | $3.58M USDT
🕒 Timestamp: 2025-06-11
📉 Order Book Depth:
Resistance: 0.0824 / 0.0795 / 0.0767
Key Price: $0.0706
Support: 0.0712 / 0.0683
