#CHESS/USDT — Accumulation Range Before a Potential Reversal

#CHESS

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key support zone in green at 0.001870. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.001957
Target 1: 0.002288
Target 2: 0.002576
Target 3: 0.002960

Stop Loss: At the resistance zone in green

Remember this simple rule: Money management.

Any questions, please leave a comment.

Thank you.

Trade ativo

#CHESS
Target 1: 0.002288 Reached
Target 2: 0.002576 Reached

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