$CHESS /USDT | Short Setup Alert 🔥💯
Trade Signal:
$CHESS /USDT is trading within a descending price channel on the 30-minute timeframe, showing a potential rejection at resistance. The price currently sits at $0.1779, with a high probability of further downside.
Setup Details:
• Entry Zone: $0.1770 - $0.1790 (on rejection from trendline resistance).
• Stop-Loss (SL): $0.1825 (above the descending channel).
• Take-Profit (TP):
• TP1: $0.1730
• TP2: $0.1700
• TP3: $0.1650 (extended target).
Strategy:
1. Wait for price confirmation near the upper blue trendline.
2. Enter short if the price shows rejection (red candles with volume).
3. Adjust SL to breakeven after hitting TP1.
⚡ Note: Manage risk carefully and monitor the market. If price breaks above $0.1825, exit immediately!