CHESS/USDT Market Update
The CHESS token has experienced a significant pump in the spot market recently. Key details from the current chart are as follows:Current
Price and Pump: The price is currently at $0.212, showing a substantial increase of +37.48% in the past 24 hours.Volumem.Technical Indicators:RSI (Relative Strength Index): The RSI(6) is at 79.8293, indicating that the token is currently in the overbought zone. .
CHESS has recently been listed on the futures market on Binance, which could lead to increased interest and potential volatility. However, given that the token is already in the overbought zone (as indicated by the RSI), a significant further pump seems less likely without a correction.
Trading Strategy: A good entry point for a short position might be considered after confirming a suitable correction or a reversal signal.
Caution:
As CHESS is a new token in the futures market, it is advised to exercise caution. The token's price can be highly volatile, and taking significant risks without adequate analysis is not recommended.
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