$CHESS USDT SHORT TRADE SIGNAL
Price has faced repeated rejection near the key resistance zone after a weak bounce, showing long wicks and failure to hold higher levels.
CHESS
0.0044
-37.14%
The overall structure remains bearish, indicating distribution and potential continuation to the downside.
Trade Setup (Short):
• Entry: 0.00920 – 0.00950
• TP1: 0.00890
• TP2: 0.00840
• TP3: 0.00780
• SL: 0.01010
Unless price breaks and holds above the resistance area, selling pressure is expected to dominate. Loss of the current support may accelerate the bearish move.