$CHESS /USDT – Rising Channel Breakdown in Sight!
$CHESS has hit the top of a rising channel and shown immediate rejection at resistance. The wick and reversal pattern suggest buyers are exhausted. A breakdown from this pattern could trigger a sharp move down.
SHORT Setup:
• Entry: 0.0693
• TP1: 0.0662
• TP2: 0.0620
• TP3: 0.0576
• SL: 0.0724
Market Insight:
Price action shows clear rejection at upper resistance, forming a fakeout wick followed by bearish momentum. If price closes below the lower channel trendline, expect accelerated selling pressure.
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