$CHESS / USDT – Heavy 4x Dump Pressure
$CHESS declined from $0.00447 to $0.00392, posting a -12.3% drop. A move of this magnitude reflects strong distribution and panic selling behavior, especially under leveraged conditions.
The breakdown suggests bears are dominating in the short term. Unless price stabilizes above $0.00390, further downside expansion remains possible.
Potential Entry Zone for Buyers (High Risk):
$0.00370 – $0.00385
Downside Targets:
• Target 1: $0.00380
• Target 2: $0.00350
• Extended Target: $0.00320
Protective Zone:
Stop-Loss: $0.00340
Market Bias: Bearish with Elevated Volatility
CHESS
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