$CHESS

CHESSUSDT

Perp

0.03301

+3.67%

had a sharp spike that instantly got rejected, showing strong selling pressure from the top. After that flush, price didn’t collapse — instead it started ranging and forming a tight base around 0.032, which usually happens when the market is deciding the next direction. Right now, price is sitting below the rejection zone, so sellers still have control unless a clean breakout happens.

Trade Setup

Short Entry: 0.0326 – 0.0332

Targets: 0.0315 / 0.0308

Stop Loss: 0.0340