$CHESS /USDT – BULLISH STABILIZATION AFTER SHARP SELL-OFF, RECOVERY IN PROGRESS 📈
$CHESS/USDT is showing early bullish recovery signs after a strong capitulation move and successful defense of the 0.026 – 0.027 demand zone. Price has stabilized and is now forming a base above key support, indicating seller exhaustion and gradual accumulation. A sustained hold above current levels can trigger a relief rally toward nearby resistance.
TRADE SETUP (LONG)
Entry Zone:
➡️ 0.0295 – 0.0310
Targets (TP):
🎯 TP1: 0.0335
🎯 TP2: 0.0368
🎯 TP3: 0.0420
Stop Loss (SL):
⛔ 0.0270 (Below demand & structure low)
MARKET OUTLOOK
Market structure is shifting from panic selling to consolidation with a bullish bias. As long as price holds above 0.028, upside recovery remains likely. A breakout above 0.0335 could accelerate momentum toward higher supply zones, while loss of support may lead to extended range-bound movement.
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