♟️ $CHESS /USDT — Squeezing into a Decision Point

🕓 4H Timeframe | 💰 Price: $0.0737 (+0.41%)

CHESS has been consolidating in a sideways chop for over a month — low volatility, low volume, and tight MA clustering signal an imminent breakout. But which way?

📊 Technical Outlook:

MA Convergence: All 3 key MAs (7, 25, and 99) are clustered around $0.071–$0.072, showing strong indecision — this is usually followed by high-momentum moves.

Range Bound: Trading between $0.065 and $0.082 since early June. Breakout or breakdown from this box will set the next direction.

Price Action: Holding above mid-range support ($0.070) is short-term bullish.

🎯 Breakout Targets:

🎯 Target 1 – $0.080

Immediate resistance from the recent highs. A flip above this would trigger momentum buying.

🎯 Target 2 – $0.093

A key resistance zone from April — this would also complete a W-shaped reversal from the $0.06 base.

🎯 Target 3 – $0.110

March's high and final top of the range before the drop. Reaching here requires volume spike and market-wide support.

🛑 Risk to Watch:

A break below $0.068 would invalidate the squeeze and point toward a liquidity flush back to $0.060.

CHESS lacks hype catalysts — watch for fakeouts before committing big.

🧠 Conclusion:

CHESS is compressing like a spring. Whether it’s a fakeout or a breakout, this low-volatility zone won’t last long. Smart money will react — not guess. Set alerts at both $0.068 and $0.080 and wait for confirmation.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!