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$CHESS

/USDT Technical Analysis: Consolidating Near Support with Potential for Short-Term Reversal💯🔥📊📈

Here’s the summary of CHESS/USDT trading data:

Current Price: $0.1854

Price Change (24h): -0.05%

24h High: $0.1983

24h Low: $0.1712

24h Volume (CHESS): 29.66M CHESS

24h Volume (USDT): 5.49M USDT

Current Timeframe: 15m (Up by 0.49%)

Key Levels:

Support (Potential Entry Zone): $0.171 - $0.175 (near 24h low and support zone)

Resistance (Potential Exit Zone): $0.192 - $0.198 (near recent high)

Entry Strategy:

Long Entry: A potential entry point would be around the support zone ($0.171 - $0.175). If the price shows upward momentum and breaks above $0.185, target the resistance level near $0.192 for a short-term move.

Exit Strategy:

Profit Target (Exit): Aim for the $0.192 - $0.198 range for potential exit points. If price breaks above $0.198, the next resistance could be near $0.210.

Stop-Loss: Place your stop-loss below $0.170 to protect against any significant downside.

Sentiment:

Neutral to Bearish Short-Term: The 0.05% drop in the past 24 hours and the slight gain in the 15-minute timeframe suggest the price is consolidating, potentially in a short-term range-bound environment.

Bullish Potential: A break above $0.192 could shift sentiment towards a bullish outlook, with targets toward $0.198 and beyond.

With recent volume activity and limited price movement, closely monitor for a breakout or breakdown to guide your entry and exit decisions.

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