$CHESS Futures Short Signal

Entry Zone: 0.03120 – 0.03160

Take-Profit 1: 0.03040

Take-Profit 2: 0.02960

Take-Profit 3: 0.02880

Stop-Loss: 0.03210

Leverage (Suggested): 3–5x

Rationale:

#CHESS made a sharp impulsive move from the 0.0280 base and tapped the 0.0314 resistance zone, where selling pressure stepped in immediately. Price is now extended above short-term averages, showing exhaustion after a vertical push. If price fails to reclaim and hold above 0.0316, a mean reversion toward the 0.029–0.0288 liquidity pocket is likely.

Risk-Management Note:

A clean break and hold above 0.0321 would invalidate the short setup and indicate continuation strength instead of a pullback.

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CHESSUSDT

Perp

0.03005

+4.41%