$CHIP is showing some serious momentum on the 4H timeframe, and I’m keeping a close eye on this setup right now! ⚡
The price is holding strong well above both EMA 20 ($0.02732) and EMA 200 ($0.02638). RSI sits around 67.6—strong momentum, but still leaving room before hitting extreme overbought levels.
Here is how I’m mapping out this swing setup:
Entry Zone: Around $0.03076
Stop Loss: $0.02160 (Proper risk management is key here!)
Targets: $0.04908 (TP1), $0.05824 (TP2), and $0.06740 (TP3)
The reward-to-risk ratio looks solid here, with TP1 offering a potential +59.56% upside if we clear the immediate resistance at $0.03291. Volume will be the main trigger to watch over the next few candles.
What's your strategy on $CHIP? Are you jumping in now or waiting for a quick retest of the support? Let me know in the comments! 👇
Feel free to Follow for more regular setup updates. Good luck and trade safe!
The price is holding strong well above both EMA 20 ($0.02732) and EMA 200 ($0.02638). RSI sits around 67.6—strong momentum, but still leaving room before hitting extreme overbought levels.
Here is how I’m mapping out this swing setup:
Entry Zone: Around $0.03076
Stop Loss: $0.02160 (Proper risk management is key here!)
Targets: $0.04908 (TP1), $0.05824 (TP2), and $0.06740 (TP3)
The reward-to-risk ratio looks solid here, with TP1 offering a potential +59.56% upside if we clear the immediate resistance at $0.03291. Volume will be the main trigger to watch over the next few candles.
What's your strategy on $CHIP? Are you jumping in now or waiting for a quick retest of the support? Let me know in the comments! 👇
Feel free to Follow for more regular setup updates. Good luck and trade safe!