$CHESS 🔥 🔥 BREAKOUT CONTINUATION 🔥 🔥
📊 Chart & Technical Overview
**4‑Hour (Binance):**
Price sits just above the 99‑period MA (~$0.0668), with the shorter MA7 & MA25 aligned bullishly—signaling a volatility squeeze that often precedes a sharp move
🔍 Key Levels to Watch
Resistance Zones:
**$0.074–0.075:** near recent highs and upper boundary of 4H range.
**$0.078–0.080:** next ceiling—break here confirms reversal and momentum shift.
Support Zones:
**$0.065–0.066:** critical 99‑MA and swing-low zone.
**$0.0635–0.061:** deeper support if current level breaks .
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🎯 Trade Scenarios
🟢 Bullish Setup
Trigger: 4H candle closes above $0.074–0.075 with uptick in volume.
Entry: Long at breakout retest or close above trigger zone.
Stop-Loss: Below $0.066 (just under laser 99‑MA).
Target Levels:
1. **$0.078–0.080**: initial resistance.
2. **$0.085–0.0889**: mid-range ceiling .
3. **$0.095–0.100**: extended move if daily momentum flips upward.
🔴 Bearish Setup
Trigger: Rejection near $0.074–0.075 or breakdown below $0.066 on rising volume.
Entry: Short at a strong bear candle or breakdown.
Stop-Loss: Above $0.075–0.076 to protect against false breakout.
Target Levels:
1. $0.0635–0.0610**
2. $0.056–0.058**: further downside to weekly lows observed in April .
3. $0.047–0.050**: major retrace zone .
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⚖️ Risk & Timing Insights
Timeframes:
4H scope: Volatility breakout likely within next 1–3 days.
Daily: Recovery will take sustained bullish flow; otherwise, deeper drop.
🔁 Quick Summary
Setup Trigger Targets Stop-loss
Bull Close > $0.075 $0.080 → $0.088 → $0.095–0.100 < $0.066
Bear Rejection >$0.074 or turn < $0.066 $0.061 → $0.056 → $0.047 > $0.076