Technical Analysis CHESS/USDT
Current Price: 0.1887
CHESS/USDT is consolidating near the strong support at $0.1850, indicating a potential bounce. The immediate resistance is at $0.1950, and a break above this level could open the doors to the next targets at $0.2050 and $0.2200. The bulls are building momentum, and volume confirmation will be key for the next big move. A break above could target $0.2050 - $0.2200.
Entry Strategy:
Bullish Scenario: A clear break above $0.1950 with strong volume could push the price to $0.2050 and beyond.
Bearish Scenario: If the support at $0.1850 fails, CHESS could retreat towards $0.1750 for a retest.
Technical Indicators:
RSI is neutral but showing signs of bullish movement while price action near support suggests accumulation. Look for an increase in volume to confirm the bullish breakout.
Forecast: CHESS/USDT is approaching a crucial decision point. A break above $0.1950 could lead to a short-term rally while maintaining support at $0.1850 remains key for bullish momentum. Keep an eye on these levels!
