đ» $CHESS /USDT â Rejection at Resistance, Downside Likely
$CHESS /USDT just hit a key resistance near 0.0832 and is already showing signs of rejection. The wick at the top and the red candle suggest a potential reversal, especially after the rapid move upward. Buyers seem to be losing strength, and profit-taking may push prices lower.
If price fails to reclaim 0.0832 soon, we may see a pullback toward previous demand zones.
đ Bearish Trade Setup:
âą Entry Zone: 0.0803 â 0.0805
âą Take Profit 1: 0.0748
âą Take Profit 2: 0.0710
âą Stop Loss: 0.0833
â ïž Rejection at resistance + overextension = high risk for reversal.
#CHESSUSDT #CryptoBearish #AltcoinReversal #ShortSetup #BinanceTrade