$CHESS /USDT – BEARISH BREAKDOWN SIGNALING FURTHER DOWNSIDE ⚠️

CHESS has faced strong rejection from a key resistance zone and has broken below the mid-range support with impulsive bearish candles. This breakdown indicates sellers have taken control, and price is likely to continue moving lower toward the next demand area unless a quick reclaim occurs.

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Trade Setup (SHORT 📉)

Entry Zone:

0.0305 – 0.0310

Stop Loss (SL):

0.0320 (Above resistance & breakdown invalidation)

Targets (TP):

TP1: 0.0295

TP2: 0.0288

TP3: 0.0278 (If bearish momentum accelerates)

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Market Setup

CHESS remains weak below the broken support level. As long as price stays under this zone, further downside is favored. A strong reclaim above resistance would negate the bearish setup and shift price back into range consolidation.

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