🚨 $CHESS /USDT – Losing Momentum Near Key Support ⚠️

CHESS is showing signs of exhaustion after a failed attempt to reclaim higher ground. The price has dipped to $0.0692, struggling below the MA(25) and approaching a critical support zone around $0.0680. The chart currently favors sellers unless bulls reclaim control.

🔍 Technical Analysis

• MA Structure: Trading below MA(25) = $0.0706 and barely holding MA(99) = $0.0671 — shows bearish bias.

• Support Zone: $0.0645 – $0.0680 acting as a strong base; any break below could trigger a deeper correction.

• Resistance Levels: Immediate resistance lies at $0.0706, followed by $0.0728.

• Price Behavior: Lower highs and failed recoveries indicate weak momentum and buyer fatigue.

🎯 Trading Plan

🔴 Bearish Setup

• Entry: $0.0690 – $0.0705

• TP1: $0.0668

• TP2: $0.0645

• SL: $0.0725

🟢 Speculative Long Setup (Low Confidence)

• Entry: $0.0670 – $0.0680

• TP1: $0.0708

• TP2: $0.0724

• SL: $0.0638

📌 Note: CHESS needs a breakout above the $0.0724 level with strong volume to shift the short-term trend bullish. Until then, trend remains neutral-to-bearish.

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