Analysis $CHESS
- Breakout Confirmed! 📊🔥💯
Current Price: $0.1930
Trend: Strong bounce from $0.1750 area with continued bullish momentum.
💹 Key Levels:
• Long Entry: Above $0.1950 after breakout confirmation, targeting $0.2050+.
• Short Entry: Below $0.1900 if price re-enters the demand zone, targeting $0.1800.
📈 Next Step: CHESSUSDT has broken resistance near $0.1900 and is consolidating just above it. Buyers are defending this area, suggesting a possible continuation towards $0.2000 and $0.2100. Watch for volume spikes to confirm a strong bullish push.
🛡️ Strategy:
• Long-term traders: Collect volumes on dips near $0.1900 with a stop loss at $0.1850.
• Short-term traders: Book partial profits at $0.2000, moving the stop loss to $0.1925.
🚨 Warning: A decline below $0.1900 may invalidate the bullish scenario, leading to a correction towards $0.1800.