$CHESS — Smart Money Short-Term Structure
Parabolic expansion from discount has pushed price deep into premium. Buyers are extended and momentum is slowing after a sharp impulse — conditions favor a pause or corrective move.
Liquidity Read:
Buy-side liquidity was swept above the recent high near 0.0330. Rejection from the top signals profit-taking and potential distribution by smart money.
Short idea:
EP: 0.0315 – 0.0330
TPs: 0.0295 / 0.0278 / 0.0255
SL: 0.0340
Valid only if price stays below 0.0330.
Long continuation idea:
If price retraces deeper and sweeps sell-side into demand, trend continuation remains possible.
EP: 0.0260 – 0.0272
TPs: 0.0295 / 0.0320 / 0.0350
SL: 0.0248
Valid only if price holds above 0.0255.
Extended move. Liquidity in play. Trade the reaction, manage risk.
Let’s go $CHESS
