$CHESS Rockets with Massive Pump! š„š
On the 1h timeframe, $CHESS currently at $0.0645, surging by an enormous +25.98%! The 24h high is $0.0708, with a massive volume of 52.50M CHESS and 3.10M USDT. The RSI is extremely high at 88.69, indicating heavily overbought conditions.
Key Observation:
#CHESS has experienced a massive and rapid bullish pump, indicating extreme buying pressure.
Next Target:
š $0.0708 (testing the 24h high - immediate resistance)
šÆ Look for potential resistance levels beyond the 24h high due to the strength of the pump.
$CHESS Potential Bullish Targets (if high is broken):
š Due to the extreme overbought conditions, precise targets are difficult to determine. Watch for potential resistance based on previous price action on higher timeframes (not visible here). Be prepared for significant volatility.
Important Support Levels (to watch for potential sharp correction):
š”ļø $0.0600 - $0.0620 (potential near-term support after a pullback)
š”ļø $0.0550 (stronger support zone)
showing an extremely powerful pump with a heavily overbought RSI, significantly increasing the risk of a sharp correction.
CHESSUSDT
0.0511
+0.03%#BinanceAlphaAlert #BinanceLeadsQ1 #SolanaSurge #BinanceLaunchpoolINIT #BinanceLaunchpoolINIT
