$CHESS
/USDT – Short Trade Signal.!🔥🔴
$CHESS has pump from 0.0754 to 0.0927 followed by price rejection. Current price: 0.0872. Volume remains high, but price is starting to stall below resistance.
Short Entry Zone:
0.0885 – 0.0915 (look for weak bounce / rejection below 0.0925)
Targets:
1. 0.0820
2. 0.0775
3. 0.0740 (near full retracement)
Stop-Loss:
0.0935 (above recent high)
Tighter: 0.0922 (if using intraday scalp)
Setup Highlights:
– RSI overbought on 30m, beginning to curve down
– Bearish wick at 0.0927 suggests exhaustion
– Potential double top forming below 0.093 zone
Trigger Confirmation:
A 15m candle close below 0.0865 with weakening volume confirms short entry. First take-profit near 0.082 and adjust stop-loss accordingly.
Avoid shorting if 0.094 breaks with strength.
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