### **CHESS/USDT Short Trade Strategy (High-Probability Setup)** 🚨
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#### **🔥 Immediate Market Snapshot**
- **Current Price:** $0.0702 (+4.93%)
- **24H Range:** $0.0666 – $0.0724
- **Key Rejection:** Failed breakout at **$0.0720** (Bearish signal)
- **Momentum Shift:** 1H chart shows weakening bulls.
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### **🎯 Critical Levels**
- **Resistance:** **$0.0720** (Strong supply zone)
- **Support:** **$0.0680** (First target) → **$0.0650** (Next major floor)
- **Breakdown Trigger:** **$0.0700** (Confirms bearish acceleration)
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### **⚡ Trade Setup (Short)**
✅ **Entry Zone:** **$0.0700 – $0.0715** (Optimal for risk/reward)
🎯 **Take Profit Targets:**
- **TP1:** $0.0685 (Quick scalp)
- **TP2:** $0.0670 (Mid-term swing)
- **TP3:** $0.0650 (Aggressive downside target)
🛑 **Stop Loss:** **$0.0728** (Above resistance, avoids fakeouts)
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### **📊 Execution Plan**
1. **Wait for Confirmation:**
- Price must break **$0.0700** with **rising sell volume**.
- Ideal: Bearish engulfing candle or lower high on 15m chart.
2. **Risk Management:**
- **SL at $0.0728** (Low-risk, high-reward ratio).
- Scale out profits at each TP level.
3. **Aggressive Entry?**
- If price rejects **$0.0715** with a long wick, consider early short.
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### **💡 Why This Works?**
- **Rejection at Resistance:** Sellers stepped in at **$0.0720**.
- **Volume Divergence:** If price drops but volume spikes, confirms downside.
- **BTC Correlation:** If Bitcoin stalls, alts like CHESS may drop harder.
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### **🚨 Final Notes**
- **Do NOT chase** — wait for **$0.0700 breakdown**.
- **Fast move expected** — manage positions actively.
- **Watch BTC** for macro direction clues.
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#CHESS #ShortTrade #Crypto #Altcoin #SwingTrading **
$CHESS