$CHESS – FALLEN BUT STABILIZING? WATCH THIS ZONE!$CHESS took a steep fall from $0.0817 down to a local low of $0.0690 on the 1H chart, breaking key support with high volume. However, price action has now stabilized around the $0.0710 level, forming a short-term base.
📊 Market Snapshot:
Price: $0.0710
24H Range: $0.0698 – $0.0750
24H Volume (CHESS): 33.55M
SAR currently below price = Bullish hint
MA(5) crossing above MA(10) = Early recovery signs
📌 Trade Setup:
Entry: $0.0710
TP1: $0.0738
TP2: $0.0765
SL: $0.0680
🔍 After the volume spike and reversal candle near $0.0690, bulls are showing signs of regrouping. The SAR flip and sideways consolidation suggest a possible bounce — but confirmation is key.
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