$CHESS Trading Opportunity Alert!
Technical Setup: $CHESS is breaking out of a bullish cup-and-handle pattern on the 4H chart, signaling strong upward momentum. Current price at $0.38, with a 24H volume surge (+95% to $12.3M). RSI at 62 shows bullish strength without overbought conditions, and MACD confirms with a bullish crossover.
Entry Zone: $0.36–$0.39 for a solid risk-reward setup.
Stop Loss: $0.33 to protect against volatility.
Targets:
TP1: $0.45 (+18%)
TP2: $0.60 (+57%)
TP3: $0.80 (+110%)
Why $CHESS ?
Recent X posts highlight a massive buyback program (10% of market cap over 6 months), boosting long-term confidence. Tranchess’ DeFi yield farming and staking protocols are gaining traction, with TVL up 40% since Q1. On-chain data shows increased whale accumulation, adding fuel to the rally.
Strategy: Enter on a pullback to $0.37 with volume confirmation. Secure profits at TP1, trail stops for TP2/TP3 if momentum holds. Crypto markets are volatile—use strict risk management.
Traders, let’s checkmate this move! DYOR and trade smart!
