$CHESS /USDT short tread signal 🚦 🔴
BEARISH SETUP – LOWER HIGH CONFIRMATION MAY TRIGGER DOWNSIDE MOVE!
$CHESS has printed a lower high at $0.0678 after a sharp pump from $0.0606. Despite the recovery, recent candles show rejection near resistance, and volume has dropped off slightly, signaling fading bullish momentum. The current price at $0.0667 sits at a key decision zone.
Trade Setup (SHORT):
Entry: $0.06650 – $0.06750
Target 1: $0.06400
Target 2: $0.06180
Stop Loss: $0.06830
Why Short?
Price action suggests a shift in momentum after failing to break above $0.0678. The small bounce could be a dead cat bounce before a drop. EMAs are flattening and may cross downward if the next candle breaks below $0.0660 support. Traders are advised to watch for bearish engulfing confirmation before entry.
Risk Management Tip:
Don’t ignore SL at $0.06830 — a breakout above could flip the structure bullish. Stick to levels and avoid overexposure.
Be early on reversals — short the weakness before the breakdown becomes obvious!
Courage isn’t in the green candles, it’s in spotting the red turns first!
buy and trade here on $CHESS
