$CHESS

USDT BEARISH BREAKDOWN – THE SELLING PRESSURE IS UNDENIABLE

The market has witnessed an aggressive breakdown in $CHESSUSDT, with price sharply falling to $0.0772 (-15.26%). This indicates strong bearish momentum, and buyers are currently absent to hold key support zones.

🔑 Key Levels:

Resistance: $0.0850

Support: $0.0734 (24h low)

Current Price: $0.0772

💡 Trade Setup (Short):

Entry Zone: $0.0780 – $0.0770

Take Profit 1 (TP1): $0.0750

Take Profit 2 (TP2): $0.0735

Stop Loss (SL): $0.0810

📊 Market Outlook: Chess is showing continued weakness after the strong bearish candle engulfing recent supports. Unless a quick reclaim above $0.0810 occurs, downside targets remain valid. Volume spikes indicate panic sell-offs, and trend remains bearish on intraday frames.

⚠️ Risk Management:

Trade with strict SL. Position sizing must be adjusted to limit exposure to under 2% account risk in case of volatility wicks against the trade.

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