CHESS / TetherUS
Long

CHESS — Accumulation Range Before a Potential Reversal

71
After months of sideways consolidation, CHESS continues to move within a well-defined accumulation range between $0.055 – $0.095.
Price recently tested the lower boundary and has shown a bullish reaction, suggesting that buyers are once again defending this key demand zone.

Key Levels:
• 🟢 Support: $0.055 – $0.060 (accumulation area)
• 🔶 Resistance: $0.085 – $0.095 (range top / potential breakout zone)

If the current bounce holds, CHESS may target the upper boundary of the range — and a confirmed breakout above $0.095 could open the path toward $0.12 and higher.

This structure still favors range trading until a clear breakout occurs, but the risk/reward from the lower zone remains attractive.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.