$CHESS Market Update

CHESS/USDT is currently trading around 0.00537 after a 26% daily drop. The correction appears sharp but less aggressive compared to DF pairs.

Market Overview

The pair is in corrective mode within a broader downtrend. Price is testing historical liquidity zones where buyers previously reacted. A relief bounce is possible if support holds.

Key Support Levels

0.00510 – Immediate support

0.00480 – Strong structural support

Key Resistance Levels

0.00580 – Short-term resistance

0.00630 – Major recovery level

Trade Targets

If price defends 0.00510:

Target 1: 0.00580

Target 2: 0.00630

If breakdown occurs below 0.00510:

Next likely level 0.00480

Pro Tips

Wait for bullish divergence or higher low formation before entering long. Scalpers should focus on tight stop placement due to volatility. Avoid emotional trading after large red candles.