🔻 CHESS/USDT – Bearish Control with Weak Recovery
Current Price: $0.0901
24h Change: +1.35%
24h High / Low: $0.0984 / $0.0855
Key MA Levels:
MA(7): $0.0902 (sitting just above current price)
MA(25): $0.0913 (short-term resistance)
MA(99): $0.0932 (long-term resistance zone)
Chart Observations:
Steady downtrend with a recent minor bounce from $0.0892 support.
Price struggling to hold above MA(7) and far below MA(99).
Low volume recovery suggests weak buyer interest.
📉 Trade Setup:
🔻 Setup: SHORT
📥 Entry: $0.0901
🎯 Targets:
TP1: $0.0885
TP2: $0.0872
TP3: $0.0856
🛡 Stop Loss: $0.0920 (above MA cluster)
🧠 Market Insight: CHESS is currently in a bearish grip, with lower highs and failed rebounds. Unless it reclaims $0.0915+, downside continuation is likely.
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