🚨 $CHESS

USDT BEARISH DUMP – SUPPORTS UNDER FIRE AS SELLERS CONTROL THE BOARD!

$CHESSUSDT has faced a sharp rejection from its intraday high, now trading at 0.0740 (-5.37%). The aggressive sell-off indicates strong bearish momentum with potential continuation if key supports fail to hold.

🔑 Key Levels:

Resistance: 0.0780 – 0.0800 zone

Support: Immediate at 0.0722 (24h low), extended support at 0.0700

Current Price: 0.0740

📉 Trade Setup (Short):

Entry Zone: 0.0745 – 0.0755 (on minor pullbacks)

Take Profits:

TP1: 0.0722

TP2: 0.0700 (if breakdown accelerates)

Stop Loss: 0.0780

🔎 Market Outlook: CHESSUSDT is forming lower highs and failing to maintain upward momentum. The 1H chart reflects heavy bearish engulfing candles after failed resistance breakout attempts, suggesting sellers are fully in control for now.

⚠️ Risk Management: Keep your risk per trade under 2% of your total capital. Wait for retest confirmations before entering, and do not chase trades during high volatility dumps without structured levels.

🔥 Comment ‘♟️’ if you think bears will checkmate bulls here! Trade smart and stay disciplined.

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buy and trade here on $CHESS