$CHESS /USDT | Short Setup Alert šŸ”„šŸ’Æ

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:

ā€¢ Entry Zone: $0.1770 - $0.1790 (on rejection from trendline resistance).

ā€¢ Stop-Loss (SL): $0.1825 (above the descending channel).

ā€¢ Take-Profit (TP):

ā€¢ TP1: $0.1730

ā€¢ TP2: $0.1700

ā€¢ 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.

āš” Note: Manage risk carefully and monitor the market. If price breaks above $0.1825, exit immediately!

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