CHESS/USDT plans of tradings

Here are $chessusdt DYOR ,after working ,page of my notebook full,result to me.

Now share to all🎁

Looking at the CHESS/USDT chart in binance.

Analysis

1. Price Movement:

Current price: $0.1961, with a daily gain of 4.48%.

24-hour high: $0.1971; 24-hour low: $0.1639.

Price is above the MA(7) and MA(25), indicating bullish momentum in the short term.

2.Technical Indicators:

Positive price movement over 7 days (-20.45%) and 30 days (+18.79%), indicating recovery from a downtrend.

Long-term trend (1 year) is still weak .

3.Trend:

Historically, CHESS has had large volatility, with an initial pump and then a consolidation phase.

Current levels show increased interest, likely signaling accumulation.

Trade Recommendation

Spot Trading Plan:

Plan:

Enter if the price breaks above $0.1971 (24-hour high) with volume.

Set a target of $0.21–$0.22 for short-term gains.

Place a stop-loss at $0.185 to minimize downside risk.

Why:

Price is in a recovery zone but hasn’t broken key resistance ($0.1971).

Risk-reward ratio justifies a cautious approach.

Futures (USDT-M) Trading Plan:

Plan:

Long Trade: If price sustains above $0.1971 with strong volume.

Target: $0.21–$0.23.

Stop-loss: $0.19.

Short Trade: If price fails to hold $0.185.

Target: $0.165–$0.17.

Stop-loss: $0.195.

Why:

Futures trading requires clear momentum. Long for breakout confirmation or short for rejection.

If Not Suitable Now,as you wish

Wait for:

Price consolidation between $0.185–$0.20 to confirm direction.

Higher volume breakout above $0.1971 or a pullback to $0.165 for accumulation.

#binanceseason #MarketPullback $CHESS $BNB $SOL