$CHESS /USDT Technical Analysis & Market Update

Current Price: $0.2104 (+36.36%)

CHESS has experienced significant upward momentum but is now showing signs of consolidation around the current price.

Resistance: The immediate resistance level is at $0.2259. A break above this level could signal a continuation of the uptrend.

Support: The key support level to watch is at $0.2024. A drop below this level may lead to a deeper pullback.

Trading Strategy:

- Long Trade: Enter above $0.2259, targeting $0.2300 with a stop-loss at $0.2024.

- Short Trade: Enter below $0.2024, targeting $0.1980 with a stop-loss at $0.2259.

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