$CHESS /USDT BULLISH REVERSAL UNDERWAY – WATCH FOR BREAKOUT
Current Price: $0.0893
24h Change: +16.80%
Timeframe: 1D Analysis
KEY LEVELS TO WATCH:
Resistance Zones:
$0.0900 (Immediate Resistance)
$0.0920 (Major Breakout Level)
Support Levels:
$0.0860 (Near-term Support)
$0.0825 (Key Bullish Validation Level)
TRADE SETUP (LONG POSITION):
Entry: $0.0890 – $0.0900 (On Confirmed Breakout)
Targets (TP):
• TP1: $0.0920
• TP2: $0.0960
• TP3: $0.1000
Stop Loss (SL): $0.0845 (Below Key Support)
RISK MANAGEMENT:
Risk only 1-2% of capital per trade. Wait for candle close above resistance for confirmation. Use trailing stop once TP1 hits to lock in gains.
CHESS looks primed for a bullish breakout after consolidating above support. Volume spike confirms buyer strength – eyes on $0.0920 for continuation!
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