🔥$CHESS BREAKOUT — BULLS TAKE CONTROL❗
$CHESS has smashed through a key resistance level with a strong bullish candle on the 1H chart, confirming a fresh breakout.
The volume spike adds extra conviction, showing that buyers are stepping in aggressively.
The price action is forming a clean staircase pattern, which often signals healthy trend continuation.
The recent breakout wipes out the previous consolidation range, turning old resistance into new support around $0.0820–$0.0829.
As long as this level holds, bulls remain firmly in charge. Momentum indicators are turning up, and any dips could be good re-entry opportunities for trend traders.
LONG TRADE PLAN
✅ Entry: $0.0829 (wait for a retest if possible)
🎯 TP1: $0.0860 — test of immediate overhead zone
🎯 TP2: $0.0895 — targeting previous swing highs
🎯 TP3: $0.0930 — extended target if trend accelerates
⛔ SL: $0.0785 — below the breakout level to protect capital
Trade Notes:
🔹 Watch for volume to stay strong — if it fades, momentum may stall.
🔹 Trail your stop to lock in gains if price hits TP1.
🔹 Manage your position size and stick to your plan — the trend is your friend if you manage your risk.
Bulls are back in charge — eyes on the chart!