$CHESS — Short-Term Range Break Setup
Long $CHESS
CHESSUSDT
Löpande
0.02629
-0.86%
Entry: 0.0258 – 0.0266
Stop-Loss: 0.0238
Take Profit 1: 0.0285
Take Profit 2: 0.0306
Take Profit 3: 0.0333
Analysis:
CHESS bounced strongly from 0.0171 and is now holding above EMA20 & EMA50, which shows short-term bullish control. Price is consolidating below the recent high 0.0333, forming a tight range — this is typically a continuation structure after an impulse move. Volume has cooled down (healthy), not dumped. As long as price stays above 0.025, buyers remain in control and a push toward 0.030–0.033 is possible.
Invalidation:
1h candle close below 0.0238 → bullish setup fails.