The recent strong increase of $CHESS is because the BSC chain has been quite popular recently, and secondly, it has a low market capitalization of only 20 million.
To be honest, it's relatively difficult to enter and hold onto this coin, Chess, as it is likely that there are many trapped positions from domestic investors above.
However, I personally only trade in waves. The daily chart shows obvious signs of stabilization and increased volume, while the 4-hour chart clearly shows an upward trend. Therefore, I chose to build a position around 0.062. Currently, with a 23% increase, I choose to secure most of the profits, and will wait for further instructions on the remaining portion.
Recently, many people have been shorting contracts, and the project team wants to clear the short positions. It won't come down easily in the short term. For this coin, you either shouldn't touch it, or it's more stable to go long on a short-term pullback [personal advice].
