🛑$CHESS

CHESSUSDT

Perp

0.03123

+8.47%

BEARISH TECHNICAL ANALYSIS – DOWNSIDE MOVE EXPECTED

$CHESS is showing bearish pressure after failing to hold above the 0.03000–0.03100 resistance zone. Price is forming lower-highs and struggling to maintain support at 0.02878, indicating sellers are in control. Weak buying volume and repeated rejection near resistance suggest further downside continuation is likely.

A break below 0.02878 could trigger a move toward lower demand zones.

Targets (TP)

TP1: 0.02850

TP2: 0.02800

TP3: 0.02750

Stop Loss (SL)

Place SL above 0.03000, invalidating the bearish setup if breached.

Risk Management

Risk 1–2% per trade, maintain strict SL discipline, and avoid chasing impulsive moves.

#technicalanalysis #chesstoken #bearishtrend