Current Price: $0.0743 (▼ -11.96%)
24h Volume: 38.56M CHESS | 2.96M USDT
In the latest market shake-up, CHESS/USDT is facing intense bearish pressure, struggling to hold on to crucial support levels. The breakdown below the psychological $0.0800 mark signals growing weakness, as selling volume surges across major exchanges.
📉 Market Overview
CHESS has slipped beneath key support zones, showing no signs of bullish defense. Unless bulls manage to push prices back above $0.0800, downward momentum may continue. The current pattern suggests a short-term bearish trend, with lower support levels likely to be tested soon.
🔍 Technical Key Levels
Resistance: $0.0780 → $0.0800 → $0.0840
Support: $0.0720 → $0.0700 → $0.0680
Current Price: $0.0743
📌 Bearish Trade Setup (SHORT)
Entry Zone: $0.0745 – $0.0755
Take Profit Targets:
TP1: $0.0720
TP2: $0.0700
TP3: $0.0680
Stop Loss: $0.0785
📊 Risk Management Reminder
Traders are advised to limit risk to 1–2% per trade, especially during volatile periods. Stick to your stop-loss, and avoid revenge trading.
> ⚠️ With selling pressure increasing and key levels failing, CHESS is clearly in bear territory — short-term downside targets are now in focus.
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