$CHESS 🚀 BREAKOUT CONTINUATION 🚀
📊 CHESS Market Snapshot
Current Price: $0.0949 USDT
24h Trading Volume: $5.42 million
Trend: Sideways with slight bullish tilt
Key Support Levels: $0.090 / $0.086
Key Resistance Levels: $0.098 / $0.105
---
📈 Technical Analysis
🔸 Chart Structure
CHESS is currently forming a rounded base pattern with price consolidating above the 20 EMA on 4H charts.
Volume is gradually increasing, suggesting accumulation.
Resistance at $0.098–$0.105 remains key for breakout confirmation.
🔸 Indicators
RSI (4H): 58 – Neutral-bullish zone, suggesting more room to the upside
MACD: Bullish crossover holding steady
Bollinger Bands: Price hugging upper band = bullish bias with volatility expansion expected
---
🎯 Short-Term Trading Strategy
✅ Strategy A: Breakout Trade
Entry: On breakout above $0.098 with volume confirmation
Target 1: $0.105
Target 2: $0.112
Stop-Loss: $0.091
Rationale: Breakout from base pattern could trigger momentum toward prior resistance zones
🔁 Strategy B: Range Rebound
Entry: Near support at $0.090–$0.091
Target: $0.096–$0.098
Stop-Loss: $0.086
Rationale: Consistent bounce from this support area provides low-risk buy zone
📜 Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading is highly speculative and involves substantial risk. Always DYOR and trade responsibly.