CHESS (CHESS/USDT) Pumping: Potential for a Big Move
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Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions.
Current Situation:
CHESS is experiencing a significant price surge, potentially indicating a bullish trend. The price has shown a strong uptrend, accompanied by increasing trading volume, suggesting growing interest and momentum.
Potential Trade Setup:
â Long Position:
Entry: Consider entering a long position at the current price of 0.2118.
đStop Loss: Place a stop loss at 0.1954 (8% below the entry price).
đŻTake Profit: Set a take profit target at 0.2360 (11.4% above the entry price).
â Short Position:
Entry: A short position could be considered if the price shows signs of a reversal, such as a significant price drop or a breakdown below a key support level.
đStop Loss: Place a stop loss above the recent high at 0.2290 to limit losses if the price continues its upward trend.
đŻTake Profit: Set a take profit target at 0.1900
Remember: The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It's essential to manage risk effectively and diversify your portfolio.
