$CHESS Blow Off Top Rejection
đ´ SHORT
Price: $0.03789
wick at $0.04096. The vertical move (+35-40%) is unsustainable and is now seeing aggressive profit taking.
CHESSUSDT
Perp
0.02846
+2.52%
$CHESS Setup:
⢠Entry: 0.0380 â 0.0390
⢠đŻ T1: 0.0340
⢠đŻ T2: 0.0300
⢠â SL: > 0.0415
Why: Mean reversion play. The price moved too far, too fast from the moving averages.