$CHESS MASSIVE DUMP! Can Bulls Recover This Collapse?
$CHESS just faced a brutal -25% crash, wiping out support levels and triggering panic selling. The price nosedived from $0.089 to a low of $0.062, now struggling to stabilize around $0.0662.
Chart Recap
Current Price: $0.0662
24H High: $0.0890
24H Low: $0.0620
Volume Spike: 13.33M – Panic-driven dump!
Key Resistance Zones
• $0.0695 – First major hurdle
• $0.0720 – Minor recovery signal
• $0.0745 – Bulls regain confidence above here
Support Levels
• $0.0650 – Needs to hold for a bounce
• $0.0620 – Day’s low; breakdown trap
• Below $0.0620 – Freefall risk increases
Trade Setup: Play the Recovery or Fade the Bounce?
Bullish Play
• Entry: If price closes above $0.0695
• Target 1: $0.0720
• Target 2: $0.0745
• Stop Loss: Below $0.0650
Bearish Play
• Entry: Breakdown below $0.0650
• Target 1: $0.0620
• Target 2: $0.0595
• Stop Loss: Above $0.0690
This is a high-volatility zone with emotional trading dominating the scene. Either a sharp relief bounce or further breakdown is imminent. Risk management is key—only aggressive scalpers should be eyeing this right now.