🚨 $CHESS /USDT Breakout Alert – Bullish Setup Forming

Current Price

$0.1842

24H Change

+8.56%

Volume Spike

+310% increase in 24H trading volume

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Why This Trade?

Bullish pennant formation spotted on the 4H chart

Strong support held at $0.168

RSI recovering from oversold, currently at 52

MACD crossover on the 1D chart

Breakout above key resistance zone at $0.180

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Trade Setup

Entry Zone

$0.181 – $0.186

Stop Loss

$0.168 (below recent support and trendline)

Targets:

Target 1: $0.198 (previous swing high)

Target 2: $0.215 (Fibonacci extension 1.618 level)

Target 3: $0.236 (psychological resistance and measured move projection)

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Sentiment

Bullish

78% positive sentiment across major crypto forums

Funding rates turning positive

Whale accumulation observed on-chain

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