CHESS/USDT is showing signs of a potential reversal after a long downtrend:
🔹 Current Price: $0.0772 (+7% today)
🔹 24h Volume: 69.2M (strong interest)
🔹 Price has broken above the MA(7), MA(25), and MA(99) and is holding above these levels
🔹 Volume is increasing alongside price, confirming demand
Over the last 180 days, the token is down -63%, and -43% over the past year, and is now forming a potential accumulation zone preparing for a breakout.
Chart Highlights
✅ Price bounced from the $0.0616 zone and broke above the MA(99), which previously acted as strong resistance.
✅ Volume is rising during price increases, which often precedes a pump.
✅ Immediate resistance is at $0.0815 (local high).
✅ A breakout above $0.0815 opens the way toward $0.0855 and $0.09.
Trade Plan
If you want a short-term pump trade, here’s a clear plan:
✅ Entry Zone: $0.0730–$0.0770
✅ Stop Loss: $0.0665–$0.0670 (below local lows)
✅ Targets:
TP1: $0.0815 (take profit on 25–30%)
TP2: $0.0855 (take profit on 40–50%)
TP3: $0.088–$0.0900 (take profit on the rest or use a trailing stop)
You can enter in parts (e.g., 30% at $0.0770, 30% at $0.0750, 40% at $0.0730) to average your entry.
Key Things to Watch During the Trade
✅ Look for volume to confirm price movement — if the price rises without volume, consider partial exits.
✅ Watch BTC: when Bitcoin pumps, these lower-cap coins often follow.
✅ Don’t get greedy; partial take-profits help secure gains as CHESS can retrace sharply after pumps.
Summary
CHESS/USDT is giving a clear reversal signal after a long period of consolidation. This setup is ideal for traders looking for short-term pump trades with defined risk and clear targets. A breakout above $0.0815 will confirm the move toward $0.09, providing a solid opportunity for profit-taking.
📈 Add CHESS to your watchlist so you don’t miss the move.