The recent dip in $CHESS is a healthy correction after the strong upward move. Pullbacks like this allow the market to consolidate, shake out weak hands, and give buyers a better risk/reward entry. I’m watching this zone carefully because it has historically acted as a solid support area.
Trade Setup:
Entry Zone: $0.02930 – $0.02955
Target 1: $0.03020
Target 2: $0.03080
Stop Loss: $0.02900
This zone is strong because it aligns with previous support where buyers stepped in multiple times, creating a reaction area. It also sits near the 0.618 Fibonacci retracement of the last bullish swing, which often attracts accumulation. If this level holds, we could see buyers stepping back in, gradually building strength.
I’m watching the volume and price action closely — if bids continue to appear here, it confirms they’re building strength. A bounce from this area could push price to Target 1, and if momentum continues, Target 2 is within reach.
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CHESS
0.02795
-11.96%
