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【$CHESS Signal】Long | Healthy Cooldown After Explosive Breakout
$CHESS After a 24% surge in 24 hours with massive volume, the price is consolidating sideways at a high level. The price action indicates healthy profit-taking rather than top distribution, with strong buy-side absorption.
🎯 Direction: Long
🎯 Entry: 0.0258 - 0.0262
🛑 Stop Loss: 0.0245 ( Rigid Stop Loss )
🚀 Target 1: 0.0288
🚀 Target 2: 0.0305
Hardcore Logic: The price is consolidating at the top of a massive bullish candle, a typical strong consolidation pattern. High trading volume + high open interest indicate main capital inflow rather than short covering. The LTF pullback was quickly absorbed, with no signs of panic selling. As long as the price holds above the breakout zone, after chip rotation is completed, continuing the upward trend is more probable. Small loss, big gain—this risk-reward ratio is favorable here.
Trade here 👇 $CHESS
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