Short Selling Opportunity in CHESSUSDT as Downtrend Continues

The current market exhibits a medium-term downward trend, characterized by successive lower highs and lower lows. A selling structure was formed on the higher timeframe, successfully tested and confirmed after retesting, marking the fourth test that resisted and led to a local price decline. Presently, the dominance of sell signals is reinforced by a trendline support rebound and a series of liquid levels. Anticipate further decline and consider working on short positions from these levels. The suggested entry range for the position is between 0.07373 and 0.07676. The stop-loss placement strategy depends on your chosen risk management approach. To lock in profits, target levels are set at 0.0668, 0.0612, 0.0561, and 0.0510.