#cryptofamipy
cryptofamipy
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#CryptoFamipy $CHIP is showing signs of weakness after a strong intraday push, and sellers are defending the local resistance zone aggressively...
Entry Range: 0.03220 - 0.03235
Stop Loss: 0.03278
Targets:
TP1: 0.03190
TP2: 0.03160
TP3: 0.03136
The chart shows a sharp rally followed by rejection candles around resistance. Price is struggling to break higher and is forming lower highs on the lower timeframe. As long as $CHIP remains below the resistance zone, bears maintain control and a move toward lower support levels remains likely.
Invalidation Level: A sustained move and close above 0.03278 would invalidate this bearish setup and could trigger further upside continuation.
Entry Range: 0.03220 - 0.03235
Stop Loss: 0.03278
Targets:
TP1: 0.03190
TP2: 0.03160
TP3: 0.03136
The chart shows a sharp rally followed by rejection candles around resistance. Price is struggling to break higher and is forming lower highs on the lower timeframe. As long as $CHIP remains below the resistance zone, bears maintain control and a move toward lower support levels remains likely.
Invalidation Level: A sustained move and close above 0.03278 would invalidate this bearish setup and could trigger further upside continuation.
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