$CHESS

/USDT Technical Analysis and Trade Signals 🚀 🎯

Current Price: $0.2130

24h High: $0.2151

24h Low: $0.1971

Bollinger Bands (20, 2):

Upper Band: $0.2132

Middle Band: $0.2109

Lower Band: $0.2086

SAR: $0.2077

Price Action:

CHESS has shown bullish movement, currently testing its upper Bollinger Band and holding near the $0.213 level. The price is supported by the SAR at $0.2077, indicating a positive trend. As the price is nearing the upper Bollinger Band, this could signal a continuation if momentum remains strong, or it might face resistance if the price struggles to break above $0.2151.

Technical Indicators:

Bollinger Bands: The price is near the upper band, signaling a strong upward momentum.

SAR: The SAR is at $0.2077, supporting the bullish trend.

Volume: The volume is moderately high (31.11M CHESS traded), indicating active participation and supporting the price increase.

Trade Signal:

Trend: Bullish

Momentum: Strong upward movement, supported by a positive SAR value and solid volume.

Target Levels 🎯:

1. Target 1: $0.2151 – Immediate resistance level. If CHESS breaks above this, further upward movement is likely.

2. Target 2: $0.2180 – A key level that aligns with further bullish continuation if price sustains momentum.

3. Target 3: $0.2250 – A potential longer-term target if the momentum continues beyond the immediate resistance.

Stop Loss:

Place a stop around $0.2077 (SAR level), as a break below this suggests a reversal in trend.

Trade Momentum:

Given the bullish indicators (price near the upper Bollinger Band, above SAR, and healthy volume), the momentum is likely to continue as long as it stays above $0.2086.

Watch for potential pullbacks or consolidation near $0.2130 to $0.2151, which may present buying opportunities.

A break below $0.2086 would signal a potential shift in momentum and may prompt a reevaluation of the trade.

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