Guys i am going to take a short trade on $CHIP with 10x leverage in futures...
Entry: $0.0358 - $0.0361
TP: $0.0348 - $0.0302 - $0.0270 - $0.020
SL: $0.0430
Setup Logic:
Rejection after a sharp impulsive pump.
Long upper wick suggests sellers are defending resistance.
Momentum is weakening on the 1H timeframe.
Favorable risk-to-reward if price remains below $0.0383.
Risk Management: Never risk more than 1–2% of your capital on a single trade. Wait for candle confirmation before entering.
Entry: $0.0358 - $0.0361
TP: $0.0348 - $0.0302 - $0.0270 - $0.020
SL: $0.0430
Setup Logic:
Rejection after a sharp impulsive pump.
Long upper wick suggests sellers are defending resistance.
Momentum is weakening on the 1H timeframe.
Favorable risk-to-reward if price remains below $0.0383.
Risk Management: Never risk more than 1–2% of your capital on a single trade. Wait for candle confirmation before entering.
