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CHESS / TetherUS PERPETUAL CONTRACT

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CHESSUSDT.P trade ideas

CHESS/USDT Gearing Up for a Bull Rally? 👀🚀 CHESS Analysis 💎Paradisers, turn your attention to #CHESSUSDT, as it's signaling a potential for a noteworthy move from a crucial demand level. 💎 #Tranchess is charting an upward course, indicating a likely bullish departure from its current demand zone. We're looking at a potential retest of the demand level at $0.17, with a significant supply zone on the horizon. If #CHESS holds firm above this mark, it may set the stage for an ascent toward the major supply zone at $0.26. 💎If #CHESS encounters difficulties in holding above the support level, a reassessment of our trading approach might be necessary. In that event, we would consider initiating a bullish movement from a lower bullish Order Block (OB). 💎Monitoring this level closely is essential, as dropping below it could initiate a considerable bearish trend. 💎Stay vigilant and ready to adapt, Paradisers. Your ParadiseTeam is committed to offering the latest insights and strategic advice, ensuring you're primed to effectively tackle these market developments.
Long
by MyCryptoParadise_Simon
Tranchess (CHESS)On the above 1-day chart price action corrected 95% since last September. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Price action and RSI resistance breakout. 3) Price action price prints a higher low on the golden ratio. Fantastic. 4) Volume. Regardless of the price action volume accumulation continues. 5) On ‘what if’ list and already meets all conditions. Is it possible for price action to fall further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: 1 to 3 months Return: no idea 3-day chart
Long
by without_worries
36
CHESSUSDTNov 20 "As we enter the bullish season, the initial target to aim for is target : 2.4 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading
1
Chess Technical Analysis Shows Two Scenarios ?Scenario 1:- Price of the asset is expected to correct and reach a strong buying area between 0.1600-0.1700 levels. This means that the price has been oversold and needs to cool off before continuing its upward journey. Once the correction is completed, the price might take support from 0.1600-0.1700 levels and move till 0.2300-0.2400 levels (trendline resistance). Scenario 2 :- There are two possibilities. A. The first possibility is that the price might break below the strong buying area between 0.1600-0.1700 levels and continue its downward journey. This indicates that the bears have taken control of the market and the price is likely to go down further. B. The second possibility is a fake breakdown, where the price breaks below the strong buying area but quickly returns back above it. This is a trap for short sellers who might sell in panic, providing liquidity for buyers to push the price up again. Summary Both scenarios involve the price of the asset correcting from its oversold state. It is important for traders to analyze the market carefully and use technical analysis tools to make informed trading decisions. #plan your trade , trade your plan !
Long
by KingCharts