$CHESS /USDC BEARISH CONTINUATION SETUP
CHESS/USDC is showing strong bearish momentum after a sharp sell-off, indicating continuation to the downside. Price has broken below key support zones and is trading under major moving averages, confirming seller dominance. Any short-term pullback is likely to be corrective and may offer short-selling opportunities.
Trade Setup (Short):
• Entry Zone: Retest of previous minor resistance
• Target 1: Near recent intraday support
• Target 2: Lower support zone aligned with demand imbalance
• Target 3: Extended bearish target at structural support
• Stop Loss: Above the last lower high / invalidation level
Risk Management:
Risk only a small percentage per trade, follow strict stop loss discipline, and trail stops as targets are achieved to protect profits.
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