CHESSUSDT- Bearish OB Untouched — Retracement Expected Before Downtrend Continues
$CHESS is trading at 0.00993, and the 4H chart shows a very important detail, price has not yet reached the Bearish Order Block between 0.02500 and 0.03000. This zone is a major supply area where strong selling previously occurred. Smart Money concepts suggest that price often retraces into such premium zones before continuing lower.
The projected arrow toward TP1 reflects the expected bearish continuation, but only after price returns to mitigate the OB. Until then, CHESS is trading in discount, and short entries here would be premature. Traders should wait for a clean move into the OB, signs of rejection, and confirmation of seller strength.
The overall structure remains bearish, but the ideal entry has not been delivered yet.