📉 $CHESS – Bearish Rejection After FVG Fill

Current Price: $0.0773

— Context: Price aggressively rejected from the weak high zone at $0.1000 after a strong impulse. The FVG (Fair Value Gap) has been filled, confirming mitigation and reducing the chance of continuation upward.

— Structure: Market has shifted bearish with a clear lower high forming at $0.0852 and strong momentum pushing toward the $0.0722 liquidity pocket.

— Bias: Bearish as long as price remains below $0.0852

— Entry Zone: Retest near $0.0785–$0.0800

— Stop Loss: Above $0.0855

— Targets:

 • TP1: $0.0722

 • TP2: $0.0660 (final demand zone)

This setup reflects a classic supply rejection with downside continuation likely as liquidity builds below.

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