Technical Analysis for $CHESS /USDT:
Current Price Action:
Current Price: $0.2002 (+3.95%)
24h High: $0.2074
24h Low: $0.1863
Targets:
1. Target 1: $0.2050 (Resistance Level)
Immediate resistance. Breaking this level could indicate short-term bullish momentum.
2. Target 2: $0.2150 (Key Resistance)
Medium-term resistance. Sustained buying pressure is required to reach this level.
3. Target 3: $0.2300 (Psychological Level)
Significant psychological resistance. Reaching this level indicates potential for continued upward movement.
Strategy:
Secure Partial Profits: Consider taking profits at each target to lock in gains.
Stop Loss: Place a stop loss below $0.1950 to minimize downside risk.
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