$CHESS
CHESS
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BEARISH SETUP – DOWNSIDE POTENTIAL IN FOCUS
$CHESS pair is showing early signs of bearish pressure after testing the upper resistance near 0.035. Failure to sustain above this zone suggests a likely retracement toward lower support levels. Momentum indicators favor sellers in the short term, signaling a potential decline.
Entry: Short near resistance 0.0348–0.0350
Targets:
TP1: 0.0335
TP2: 0.0328
TP3: 0.0320
Stop Loss: 0.0355
Key Levels:
Resistance: 0.0348–0.0350
Support: 0.0335 – 0.0320
Risk Management: Limit exposure to 1–2% of capital per trade; adjust stop loss if volatility spikes.