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$CHESS / USDT – Potential Short Setup in Play! 🧩📉
$CHESS is hovering at $0.0671 after a failed breakout near the $0.0734 resistance level. The recent sharp rejection on the 4H chart, followed by a lower high, suggests bearish pressure may build.
📉 Short Trade Setup:
Entry Trigger: Below $0.0660 (bearish confirmation)
Target 1: $0.0630
Target 2: $0.0600
Target 3: $0.0565
🛡️ Stop-Loss: $0.0698 (above recent highs)
🔍 Pro Tip: Look for increasing sell volume and a strong 4H close below $0.066 to validate downside momentum. Watch for lower lows and RSI divergence to strengthen conviction.
{futures}(CHESSUSDT)
#ShortTheBounce #CHESSBreakdown #DeFiWeakness #BinanceAlert #CryptoVolatility
$CHESS is hovering at $0.0671 after a failed breakout near the $0.0734 resistance level. The recent sharp rejection on the 4H chart, followed by a lower high, suggests bearish pressure may build.
📉 Short Trade Setup:
Entry Trigger: Below $0.0660 (bearish confirmation)
Target 1: $0.0630
Target 2: $0.0600
Target 3: $0.0565
🛡️ Stop-Loss: $0.0698 (above recent highs)
🔍 Pro Tip: Look for increasing sell volume and a strong 4H close below $0.066 to validate downside momentum. Watch for lower lows and RSI divergence to strengthen conviction.
{futures}(CHESSUSDT)
#ShortTheBounce #CHESSBreakdown #DeFiWeakness #BinanceAlert #CryptoVolatility
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