$CHESS /USDT – Technical Snapshot

Current Price: 0.07710

24H High: 0.08150

24H Low: 0.07069

Change: +6.70%

🔍 Market Overview:

CHESS has shown a strong bullish breakout from the consolidation zone, reaching a recent high of 0.08150 before experiencing a slight pullback. The marked yellow area on the chart highlights the confluence zone near 0.07350–0.07500, which aligns with:

7 MA (0.07540)

25 MA (0.07249)

Previous breakout structure

📊 Trend & Momentum:

Trend: Bullish (short-term)

Volume: High volume spike indicates strong interest in recent move

Moving Averages:

MA(7), MA(25), and MA(99) all trending upward

Price currently above all MAs

📈 Key Levels:

Support Zones:

0.07500 – Near MA(7) and breakout zone

0.07200 – MA(25), structure support

0.07000 – Psychological and technical base

Resistance Zones:

0.08150 – Recent high

0.08500 – Potential psychological barrier

0.08880 – Next major resistance if breakout continues

📌 Signal & Strategy:

Signal: Buy on Retest or Breakout Continuation

Trade Plan:

Entry Option 1: Retest at 0.07550–0.07650 (marked yellow zone)

Entry Option 2: Break and close above 0.08150

Target 1: 0.08450

Target 2: 0.08800

Stop-loss: Below 0.07180 (under 25 MA)

🧠 Conclusion:

CHESS/USDT is showing bullish momentum supported by a healthy volume surge. As long as it holds above 0.075, the trend remains upward. Watch for confirmation of either a breakout or a successful retest for optimal entry.

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