After the sharp push up, $CHESS went through a fast corrective move that washed out late buyers, and since then price has been moving sideways instead of breaking lower. That’s important. The consolidation around the 0.0296–0.0297 zone shows selling pressure is getting absorbed, and buyers are defending this base well...
As long as price holds above the recent lows, this looks more like a pause before continuation rather than a trend reversal.
Long Trade Continuation Setup
Entry: 0.0296 – 0.0298
Stop Loss: 0.0291
Target 1: 0.0305
Target 2: 0.0312
Target 3: 0.0320
