CHESS/USDT Analysis: Potential Entry OpportunityThe CHESS/USDT pair is currently showing a bullish trend, with a recent price increase of 8.39%.
Support and Resistance:
* Immediate support: The price is currently hovering near the 0.1412 level, which acted as a strong support during the previous pullback.
* Potential resistance: The 0.1633 level, the 24-hour high, could act as a near-term resistance.
Entry Strategy:
* Conservative approach: For a more conservative entry, consider waiting for a slight pullback to the 0.1450-0.1480 range. A retest of this support level could provide a good buying opportunity.
* Aggressive approach: If you're comfortable with higher risk, a direct entry at the current price (0.1551) might be considered, with a stop-loss placed below the immediate support level.
Note: This analysis is based on the current market conditions and may change. Always conduct thorough research and consider your risk tolerance before making any investment decisions.
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