$CHESS /USDT – Strong Bullish Momentum with Overbought Signs
$CHESS is trading at $0.08268, up +19.31% in the last 24h. Price surged from the low of $0.06875 and is now testing the day’s high near $0.08277, showing clear bullish strength.
Moving Averages (1H):
MA(7): $0.08043 → Price is holding above short-term support.
MA(25): $0.07756 → Secondary support level, showing trend strength.
MA(99): $0.07299 → Long-term support, far below, confirming strong upside momentum.
Chart Structure:
The coin is in a sharp uptrend with higher highs and higher lows. Short-term momentum is still strong, but price is approaching overbought levels, which could trigger a short pullback before continuation.
Key Levels:
Immediate Resistance: $0.08277 (current high) → break above could target $0.08550 and $0.08800.
Immediate Support: $0.08040 → $0.07750 → $0.07300.
Trading Plan:
Bullish Setup (if breakout continues):
Entry: $0.0828–$0.0830 (after breakout confirmation)
Target 1: $0.0855
Target 2: $0.0880
Stop Loss: Below $0.0800
Pullback Setup (if rejection at $0.0827):
Entry: $0.0805–$0.0810
Target 1: $0.0775
Target 2: $0.0730
Stop Loss: Above $0.0835
Bias:
Currently bullish, but the rally looks extended. Safer strategy is to buy dips near support rather than chasing the top, unless a clear breakout above $0.0830 comes with strong volume.