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.
