$CHESS /USDT – BEARISH MOVE INCOMING 📉⚠️

Current Price: $0.0722

Trend Bias: Bearish on 4H and Daily timeframe

🔍 TECHNICAL ANALYSIS

$CHESS /USDT has broken down from a short-term support range and is now testing lower levels, indicating potential further downside.

📊 Key Levels:

Resistance:

🔼 $0.0740 – Immediate resistance zone

🔼 $0.0760 – Strong resistance from recent rejection

Support:

🔽 $0.0700 – Critical psychological level

🔽 $0.0670 – Next support if $0.0700 fails

🧨 TRADE SETUP – SHORT ENTRY

📉 Entry: $0.0720 – $0.0725

🎯 Targets (TP):

TP1: $0.0700

TP2: $0.0670

🛑 Stop Loss (SL): $0.0745

📌 Reason: Price failing to break above key resistance, bearish candlestick structure forming lower highs, and high sell volume noted.

🛡 RISK MANAGEMENT

💰 Use only 1–2% of your capital per trade.

📏 Maintain a Risk:Reward ratio of at least 1:2.

🚫 Avoid over-leveraging.

🔔 Stay disciplined, and always follow your plan!

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