Short Sell on CHESSUSDT at $0.0688 with Targets Below $0.052

The short position on #CHESSUSDT is advised from $0.0688 with a stop loss at $0.07239. The medium-term downtrend persists, characterized by a series of decreasing lows and highs. On the higher timeframe, a sideways range has formed, which has become a zone of interest for selling. Multiple attempts to enter this zone, along with frequent manipulations at the maximum levels, suggest that major market participants are accumulating short positions. Additionally, there is a reaction from mirror levels downward. Selling activity dominates, and the local trend line has been broken. The asset is moving toward new lows before a cascade of stop-losses from long positions is closed out, and a deviation occurs below the range. Set stop-losses according to your chosen strategy and risk management. Downside targets are: 0.0644, 0.0621, 0.0576, 0.0561, 0.05115.