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【$CHESS Signal】Long Position Breakout and Re-Test Confirmation
$CHESS After a surge of 35% with high volume, the price is undergoing a healthy reset below the key resistance zone. The market shows strong buying absorption with no panic selling pressure, indicating a typical cooling-off after a breakout rather than a top.
🎯 Direction: Long
🎯 Entry: 0.0258 - 0.0260
🛑 Stop Loss: 0.0245 ( Rigid Stop Loss )
🚀 Target 1: 0.0288
🚀 Target 2: 0.0315
Price action indicates that after a massive increase, there was no deep retracement but rather a consolidation at high levels. This suggests that the main funds are still active in the market, and selling pressure has been effectively absorbed. Currently, a retest of the breakout upper boundary presents a higher probability, low-risk entry point. Place stop loss below the consolidation range for a favorable risk-reward ratio.
Trade here 👇 $CHESS
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