$CHESS /USDT — BEARISH CRASH IMMINENT, SELLERS DOMINATE
$CHESS /USDT is plunging sharply, down -27.15% and testing critical support at 0.00526. Price is below all key moving averages (MA7: 0.00535, MA25: 0.00596, MA99: 0.00676), while MACD is negative (DIF: -0.00030, DEA: -0.00026), confirming strong bearish momentum. Unless price quickly rebounds above MA25, the downtrend is set to continue, with potential acceleration if 0.00490 support fails.
Trade Setup — Aggressive Short-Term
Entry Zone: 0.00520–0.00526 (watch for bounce or continuation)
Take Profits:
TP1: 0.00498
TP2: 0.00490 (critical support)
Stop Loss: 0.00555 (above MA25 resistance)
Market Outlook
Trend: Strong bearish continuation
Momentum: Negative; MACD confirms seller dominance
Key Support Levels: 0.00526, 0.00490
Key Resistance Levels: 0.00585 (MA25), 0.00676 (MA99)
Observation: Any recovery attempt must surpass 0.00585 to shift momentum; otherwise, lower lows are likely.
#CryptoTrading #DeFiGains #BearishMomentum #CHESSUSDT #CryptoAnalysis