$CHESS /USDT. This token is showing high momentum (20.41% gain) and strong volume, making it a potential breakout or pullback trade.

📊 CHESS/USDT Trade Snapshot

Current Price: $0.0873

24h Range: $0.0717 – $0.0911

Volume: 124.25M CHESS (~$10.19M)

Category: Liquid Staking / Gainer

Exchange: Binance

🔍 Key Technical Levels

Resistance:

$0.0911 (24h high)

$0.0924 (order book level / potential breakout)

$0.0950–$0.1000 (psychological + historical resistance)

Support:

$0.0817 (previous local support)

$0.0764 → $0.0711 (retracement zone)

$0.0670 – strong stop-out zone

⚙️ Trade Setup (Momentum Long or Pullback Buy)

✅ Option 1: Momentum Breakout Entry

Entry: If price breaks and closes above $0.0915

Stop-Loss: Below $0.0870

Targets:

$0.0950

$0.1000

$0.1050+

Best for breakout traders. Confirm with volume spike.

✅ Option 2: Pullback Entry

Entry Zone: $0.0810 – $0.0830

Stop-Loss: Below $0.0760

Targets:

$0.0870 (back to recent top)

$0.0910 (breakout test)

$0.0950+

Best for traders waiting for a dip into support.

📌 Risk-Reward Estimate (Pullback Buy)

Risk: ~$0.0050

Reward: ~$0.0100 – $0.0170

→ R:R = 1:2 to 1:3.4

📈 Extra Confirmation (for both setups)

15m/1h Chart:

RSI > 50 and rising

MACD bullish crossover

Volume surge on breakout

Bull flag or consolidation above $0.0870 = bullish continuation

🧨 Bearish Scenario

If CHESS drops below $0.0710, momentum is lost.

Short Bias Entry: Below $0.0700

Target: $0.0670 → $0.0600

SL: Above $0.0730

✅ Summary Table

Trade TypeEntry ZoneStop LossTargetsBreakout Buy> $0.0915$0.0870$0.095 → $0.100 → $0.105Pullback Buy$0.081 – $0.083$0.0760$0.087 → $0.091 → $0.095Short (Risky)< $0.0700$0.0730$0.067 → $0.060

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