$CHESS 🚀 BULLISH MOMENTUM 🚀

Chart Overview

Current Price: ~$0.07387 USDT

24h Volume: ~$3.29 million USDT

Price is consolidating within a range, showing potential for either a bounce or breakout as interest builds.

---

Fibonacci Retracement Setup

Using a swing low of $0.065 and swing high of $0.085, here are the key levels:

Fibonacci Level Price (USDT)

38.2% ~$0.0750

50.0% ~$0.0750

61.8% ~$0.0650

CHESS is sitting near 50% retracement, a critical zone to watch for potential reaction.

---

Trading Strategy

1. Pullback Long — Lower-Risk Setup

Entry Zone: $0.0710 – $0.0730 (just below 50% Fib)

Stop-Loss: Below $0.0690

Targets:

T1: $0.0750 (Fib resistance)

T2: $0.0800 (mid-range resistance)

T3: $0.0850 (recent swing high)

2. Breakout Long — Momentum Entry

Trigger: Daily close above $0.0850 with rising volume

Stop-Loss: Below $0.0750

Targets:

T1: $0.0900

T2: $0.0950–$0.1000 (psychological resistance zone)

Strategy Summary

Strategy Type Entry Zone Targets Stop-Loss

Pullback Long $0.0710–$0.0730 $0.0750 → $0.0800 → $0.0850 < $0.0690

Breakout Long > $0.0850 $0.0900 → $0.0950–$0.1000 < $0.0750

Rejection Short ~$0.0750–$0.0850 Down to $0.0710–$0.0730 > $0.0880

---

Key Notes & Risk Management

Confirm moves with volume spikes and indicators like RSI or MACD for better entry validation.

Keep risk to 1–2% of your trading capital per trade.

Fibonacci zones are best combined with trendlines or chart patterns for stronger setup alignment.

#ETHBreaks4000 #Share_or_Quote_This_Post #like_comment_follow