$CHESS /USDT – Explosive Wick Reversal, Short Trade Live

CHESS spiked over 10% with a strong green candle but instantly faced heavy rejection near $0.0707, forming a long upper wick – a classic exhaustion signal.

Short Trade Setup:

Entry Zone: $0.0662 – $0.0665

TP1: $0.0620

TP2: $0.0590

Final TP: $0.0576

Stop Loss: $0.0707

Why This Trade Works:

The sharp wick at resistance followed by strong selling pressure indicates buyer exhaustion. Ideal for short scalpers aiming for the gap fill zone below.

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