This pullback is actually a good thing. After a sharp push up, price needs to cool off, shake out late buyers, and let stronger hands step in. That’s exactly what this correction looks like to me — not weakness, but a pause to build a base. Fast moves without corrections usually don’t last. Healthy trends breathe, and this chart is breathing right now.
I’m watching $CHESS
closely here. After the impulse from the 0.022 area up toward 0.027+, price didn’t collapse — it pulled back in a controlled way. That tells me sellers aren’t aggressive, and buyers are still defending key levels. They’re building strength instead of panic selling.
Trade Setup (Spot / Low Leverage)
Entry Zone: 0.0252 – 0.0256
Target 1: 0.0274
Target 2: 0.0298
Stop Loss: 0.0242
This zone is strong for a few reasons. First, it lines up with previous support — price reacted from this area before pushing higher, which means it’s already proven as a demand zone. Second, the pullback sits near a healthy retracement of the last impulse move, not too deep and not shallow, which often signals continuation rather than reversal. Third, the candles show rejection wicks and quick recoveries, meaning buyers are stepping in every time price dips into this range.
If this level holds, I expect another attempt toward the recent high around 0.0274. That’s my first target where I’d expect some resistance and partial profit-taking. If momentum stays strong and volume follows, the second target near 0.0298 comes into play, which is the next clear reaction area on the chart.
I’m not chasing green candles here. I’m watching how price behaves inside this zone. If they keep defending it and structure stays intact, this correction becomes the fuel for the next leg up. If the level breaks cleanly, I step aside — no emotions, just execution.
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