Alert! Bears in Control! ⚠️
$CHESS is trading at $0.0728 (-0.55%), continuing a clear downward trajectory on the 15-minute chart. Lower highs and strong red candles show increasing sell pressure — caution for long positions.
📊 Market Snapshot
Current Price: $0.0728
Recent High: $0.0758
Trend Shift: Strong bearish continuation from mid-range
📈 Technical Overview
Resistance: $0.0740 – overhead selling zone
Support: $0.0715 is next visible support zone
Trend: Clear lower highs and lower lows — bearish momentum growing
🎯 Trade Setup – Bearish Scalper's Entry
Entry Zone: $0.0725 – $0.0730
TP1: $0.0715
TP2: $0.0705
TP3: $0.0690
SL: Above $0.0745
💡 Pro Tip: If price breaks below $0.0720 with volume, expect faster downside movement. This setup favors quick short scalps or cautious wait for reversal signs.
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