$CHESS Market Update
Trade Type: SHORT → EXTREME VOLATILITY / FADE THE PUMP
Entry Zone: 0.01280 – 0.01450
Key Resistance: 0.01700 – 0.02400
Targets:
TP1: 0.01050
TP2: 0.00850
TP3: 0.00650
Stop Loss: 0.02550
Market View:
CHESS experienced an explosive spike driven
by abnormal volume and delisting-related
volatility on the 15-minute timeframe.
Price instantly pumped from the 0.00630
base and tagged the 0.02400 resistance,
followed by a sharp rejection and long
bearish candles.
Such parabolic moves usually lead to
strong mean reversion once momentum fades.
Current structure shows instability with
heavy profit-taking and weak follow-through.
As long as price remains below the
0.01700 resistance zone, downside
continuation is likely.
This setup is high-risk due to delisting
news and should be traded with strict
risk management.
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