CHIP is testing a tight range under the 0.0350 resistance, and price action is primed for a break. A short bias aligns with the latest market structure shift.
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🔴 $CHIP SHORT 📉
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📍 Entry Range: $0.056823 – $0.056937
🛑 Stop Loss: $0.058586 (-3.0%)
🎯 TP1: $0.056027 (+1.5%)
🏆 TP2: $0.054036 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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The recent CHoCH confirmed a downtrend while the CVD spike backs the sell pressure. A fresh FVG sits just above the current price, overlapping an OB that acted as a liquidity sweep, creating a strong POI. The market is now primed to drop toward the next demand zone.
A 3.0% stop is relatively tight, so a max of 5x leverage keeps risk in check.
Take half profit at the first target around 0.0315 to lock in gains.
Not financial advice — always manage your own risk 🙏
$CHIP #CHIPUSDT #septembercpiwatch #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $CHIP SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.056823 – $0.056937
🛑 Stop Loss: $0.058586 (-3.0%)
🎯 TP1: $0.056027 (+1.5%)
🏆 TP2: $0.054036 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
The recent CHoCH confirmed a downtrend while the CVD spike backs the sell pressure. A fresh FVG sits just above the current price, overlapping an OB that acted as a liquidity sweep, creating a strong POI. The market is now primed to drop toward the next demand zone.
A 3.0% stop is relatively tight, so a max of 5x leverage keeps risk in check.
Take half profit at the first target around 0.0315 to lock in gains.
Not financial advice — always manage your own risk 🙏
$CHIP #CHIPUSDT #septembercpiwatch #TradingSignals #Write2Earn