$CHESS /USDT BULLISH BREAKOUT STRUCTURE – TREND CONTINUATION IN PLAY
CHESS/USDT has printed a strong impulsive move from the accumulation zone, confirming a bullish breakout on the higher timeframe. The price expansion came with heavy volume, signaling strong buyer participation. After such a sharp rally, the chart now favors a healthy pullback or consolidation above key support, which often precedes the next leg upward. As long as price holds above the breakout base, the bullish structure remains intact.
Trade Idea: LONG
Entry Zone: 0.00920 – 0.01000 (pullback into demand zone)
Stop Loss: 0.00620 (below structural support and breakout origin)
Targets:
TP1: 0.01510 (previous resistance turned supply test)
TP2: 0.02050 (major resistance and volume node)
TP3: 0.02580 (bullish extension and prior wick rejection zone)
Risk Management:
Risk a maximum of 1–2% per trade. Book partial profits at each target and trail stop loss after TP1 to lock in gains and reduce exposure.
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