TradingView Idea: CHESS/USDT (1D) – Daily Trendline Breakout in Play
Pattern: Falling Trendline Breakout 📉➡️📈
Timeframe: 1-Day ⏱️
Pair: CHESS/USDT 💱
Published: June 11, 2025 📅
**Technical Overview:**
CHESS/USDT has been moving under a long-standing falling trendline, with price consistently making lower highs. Recently, it has broken above this trendline on the daily timeframe, signaling the start of a potential trend reversal.
A strong close above the breakout zone, combined with rising volume, could confirm bullish continuation 🔥
**Potential Trade Setup:**
**Bullish Scenario ✅**
Entry: On confirmation and daily close above 0.082–0.085
Targets:
* First target at 0.095 🎯
* Second target at 0.110 🎯
* Third target at 0.130–0.150 🎯
Stop-loss: Below 0.075 🛑
**Risk Management ⚠️**
Watch for volume confirmation to avoid false breakouts. If CHESS drops back below 0.080, the move may fail or consolidate before a second attempt.
**Conclusion:**
CHESS is showing strong breakout behavior. If confirmed, this could mark a mid-term reversal with solid upside potential 📊🔍
Pattern: Falling Trendline Breakout 📉➡️📈
Timeframe: 1-Day ⏱️
Pair: CHESS/USDT 💱
Published: June 11, 2025 📅
**Technical Overview:**
CHESS/USDT has been moving under a long-standing falling trendline, with price consistently making lower highs. Recently, it has broken above this trendline on the daily timeframe, signaling the start of a potential trend reversal.
A strong close above the breakout zone, combined with rising volume, could confirm bullish continuation 🔥
**Potential Trade Setup:**
**Bullish Scenario ✅**
Entry: On confirmation and daily close above 0.082–0.085
Targets:
* First target at 0.095 🎯
* Second target at 0.110 🎯
* Third target at 0.130–0.150 🎯
Stop-loss: Below 0.075 🛑
**Risk Management ⚠️**
Watch for volume confirmation to avoid false breakouts. If CHESS drops back below 0.080, the move may fail or consolidate before a second attempt.
**Conclusion:**
CHESS is showing strong breakout behavior. If confirmed, this could mark a mid-term reversal with solid upside potential 📊🔍
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
👉 t.me/cryptobyghazii
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.