$CHESS /USDT BEARISH MOVE DEVELOPING – KEY SUPPORT BEING TESTED
Current Price: $0.0670
24h Drop: -3.87%
Category: Liquid Staking | Trend: Bearish
Timeframe: 4H / 1D
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KEY LEVELS TO WATCH:
Support 1: $0.0661 (24h low – immediate support)
Support 2: $0.0630 (multi-day base)
Resistance 1: $0.0695
Resistance 2: $0.0710 (supply zone)
TRADE SETUP (SHORT POSITION):
Short Entry Zone: $0.0678 – $0.0695
Targets:
TP1: $0.0660
TP2: $0.0632
Stop Loss: $0.0715
RISK MANAGEMENT:
Keep risk limited to 1–2% per trade
Confirm bearish continuation below $0.0660
Monitor volume and trend on lower timeframes for fakeouts
SUMMARY:
$CHESS/USDT is drifting lower with increasing sell volume. Price is now testing critical support at $0.0661. A break below could lead to deeper downside. Stay sharp and protect your capital!
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