$CHESS USDT Analysis

Current Scenario:

The $CHESS /USDT pair is currently trading at $0.17, up 3.47% in the past 24 hours. The price has been consolidating in a range bound pattern, with the 24-hour high and low being $0.1744 and $0.1554, respectively. The 24-hour trading volume is $61.96M in CHESS and $10.33M in USDT.

Trade Ideas:

Long Trade:

* Entry: $0.1729 (Upper Bollinger Band)

* Target: $0.1811

* Stop Loss: $0.1579 (Lower Bollinger Band)

* Leverage: 2x

Short Trade:

* Entry: $0.1579 (Lower Bollinger Band)

* Target: $0.1460

* Stop Loss: $0.1729 (Upper Bollinger Band)

* Leverage: 2x

Market Outlook:

The Bollinger Bands are contracting, indicating a period of low volatility. However, the price is currently testing the upper band, which could lead to a breakout and a bullish move. Alternatively, if the price fails to break above the upper band, it could retest the lower band and potentially enter a bearish phase.

Disclaimer:

This analysis is for informational purposes only and should not be taken as financial advice. Please do your own research before making any investment decisions.#COSSocialFiRevolution #MEMEalpha #MEMEalpha #BitcoinETFOptions #Write2Earn!