$CHESS
/USDT Short Trade Setup.!šØš„
$CHESS has shown a mild uptick, but price is rejecting the $0.069ā$0.070 resistance area with low volume on the upside and fading momentum.
Entry Zone:
$0.0655 ā $0.0675 (preferably on a 15m lower high or bearish engulfing candle)
Targets:
1. $0.0635 (24h support zone)
2. $0.0605 (near prior base structure)
3. $0.0580 (deeper retracement to previous range low)
Stop Loss:
Above $0.0705 (clear break above resistance invalidates short setup)
Bearish Confirmations to Watch:
15m RSI divergence
Loss of 0.0650 with volume
Failure to reclaim the 15m EMA cluster
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