$CHESS /USDT ā BULLISH BASE BREAKOUT, UPSIDE RECLAIM IN PROGRESS
$CHESS is stabilizing above the 0.030 support after absorbing selling pressure, showing signs of accumulation and a potential trend shift. Price is attempting to reclaim the short-term moving averages, and a sustained hold above the current range can trigger a momentum expansion toward higher resistance zones.
š Trade Setup
Entry Zone: 0.0310 ā 0.0325
Take Profit 1: 0.0380
Take Profit 2: 0.0446
Take Profit 3: 0.0513
Stop Loss: 0.0295
š Short Market Outlook
Momentum: Gradually improving; buyers defending higher lows
Trend: Short-term recovery within a broader downtrend
Key Support: 0.0306 ā 0.0295
Key Resistance: 0.0380 ā 0.0446 ā 0.0513
A clean breakout above 0.0380 would confirm bullish continuation. Failure to hold the 0.030 area risks a return to the lower range.
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