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$CHESS BEARISH TECHNICAL ANALYSIS
The chart structure signals a bearish continuation setup as price struggles to sustain above the recent resistance zone. Repeated rejections near the upper range and slowing momentum suggest buyer exhaustion. The market is forming a lower-high structure, indicating sellers are gradually gaining control and a downside move is becoming more probable.
Bearish Highlights:
โข Strong rejection from the upper resistance area
โข Lower-high formation confirming bearish pressure
โข Weak follow-through after bullish attempts
โข Price losing strength near range highs
POTENTIAL TARGETS (TP):
โข TP1: 0.0300 support zone
โข TP2: 0.0290 zone
โข TP3: 0.0285 major support
STOP LOSS (SL):
โข Above the recent resistance / rejection zone
RISK MANAGEMENT:
Risk only 1โ2% per trade, maintain disciplined stop-loss placement, and avoid overleveraging in volatile conditions.
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