$CHESS /USDT – SHORT TRADE SIGNAL🔴
BEARISH REVERSAL AFTER LOWER HIGH
FAILED BREAKOUT ABOVE RESISTANCE
SELL PRESSURE INCREASING ON 4H CHART
$CHESS recently rejected from the $0.0762 level after a short rally and is now showing a consistent downtrend with lower highs forming. The price is currently at $0.0727, slipping back toward support near $0.070, indicating weakness and fading bullish momentum.
Trade Setup – Short Entry🔴
Entry Point: 0.0725 – 0.0735
Stop Loss: 0.0765
Take Profit:
• TP1: 0.0700
• TP2: 0.0675
• TP3: 0.0648
Margin: 2–3% of wallet
Leverage: 10x
Market Outlook:
Momentum is shifting to the downside after a failed bullish continuation. If CHESS breaks below $0.0700 support, expect extended downside movement.