🚨 $CHESS /USDT – Loading for a Bounce or Heading Lower? ♟️
$CHESS is trading around $0.0655, just below its 25-day moving average. Is it ready for a recovery—or are bears still in control? Let’s dive deep into the setup 👇
📊 Market Overview
📍 Current Price: $0.0655
📈 24h High: $0.0681
❄️ 24h Low: $0.0616
📊 Parabolic SAR: Bearish bias persists
📉 MACD Momentum:
MA(7): 0.0658
MA(25): 0.0662
MA(99): 0.0700
📈 RSI (6): 35.28 – Near oversold zone, possible bounce incoming
📈 CHESS Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If CHESS Reclaims $0.0665):
Entry: Above $0.0670
Targets: $0.0696, $0.0742, $0.0787+
Stop-Loss: $0.0640
🔹 Bearish Scenario (If CHESS Breaks Below $0.0615):
Entry: Below $0.0615
Targets: $0.0605, $0.0580, $0.0550
Stop-Loss: $0.0670
🔍 Should You Hold or Sell?
✅ RSI below 40 suggests potential for technical rebound
⚠️ Below all major MAs = caution advised until reversal confirmation
📉 Volume declining—wait for breakout on strong volume for safer entries
💡 Pro Tip:
♟️ Reclaiming $0.0670 with volume = a short-term trend reversal
🚨 Weak momentum + low RSI = high bounce potential, but no guarantee
📢 What’s your take—buy the dip or wait for breakout? Drop your strategy below!
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#CHESS #CHESSUSDT #CryptoTrading #BinanceSignals #Write2Earn!