#CHESS $CHESS ⚡ CHESS/USDT Trade Signal ⚡
🔴 Position: Short
🔅 Entry Zone: 0.128472 - 0.1273653
📊 Average Entry: 0.1279187
❌ Stop Loss: 0.1343146 (5%) | 70%
🎯 Target Levels:
1️⃣ 0.1264549 (-1.14%) | 85%
2️⃣ 0.1237698 (-3.24%) | 80%
3️⃣ 0.1210847 (-5.35%) | 75%
4️⃣ 0.1183996 (-7.45%) | 70%
5️⃣ 0.10893 (-14.86%) | 65%
6️⃣ 0.10022 (-21.66%) | 60%
7️⃣ To the Moon 🌖
📌 Reasons for this Trade:
1️⃣ Price rejection at resistance level.
2️⃣ Bearish divergence on RSI and MACD.
3️⃣ Increasing sell volume in the order book.
4️⃣ Breakdown of short-term support.
5️⃣ Confirmation from moving averages in downtrend.
📌 Potential Risks:
1️⃣ Sudden bullish breakout invalidating the short setup.
2️⃣ Market manipulation or whale activity.
3️⃣ Unexpected positive news affecting price action.
4️⃣ Low liquidity causing erratic price movements.
5️⃣ Strong support levels delaying downward momentum.
📌 Trading Considerations
1️⃣ Risk Management: Set a stop-loss order to limit potential losses.
2️⃣ Position Sizing: Adjust position size according to your risk tolerance and account size.
3️⃣ Market Volatility: Be prepared for potential market fluctuations and adjust your strategy accordingly.
4️⃣ Trade Monitoring: Continuously monitor the trade and adjust targets or stop-loss levels if necessary.
🔸 THIS IS MY ANALYSIS 🔸
📌 Please do your own research, and if it aligns with your strategy, then consider taking the trade.
⚠️ Disclaimer
This trade signal is for informational purposes only and should not be considered as personalized investment advice. Cryptocurrency trading carries significant risks, and it's essential to do your own research and consult with a financial advisor before making any investment decisions.
Trade wisely and manage your risk accordingly! 🚀