$CHIP is showing weakness near the mid-range after repeated rejection from the 0.0615 resistance zone. Price action is struggling to hold above 0.059 support, and momentum is shifting toward a potential breakdown. If sellers take control below 0.058, a sharp drop toward lower liquidity zones can follow quickly.

TRADE SETUP (SHORT POSITION)

Entry Zone: 0.0590 – 0.0605

Take Profit 1: 0.0575

Take Profit 2: 0.0560

Take Profit 3: 0.0545

Stop Loss: 0.0618

$CHIP is currently range-bound but leaning bearish as buyers lose strength near resistance. A failure to hold 0.058 will likely trigger momentum selling. Volume expansion on breakdown will confirm continuation to lower levels.

Buy now and trade here on $CHIP

CHIP

0.05478

-2.17%

#CHIPUSDT #CryptoSignal #ShortSetup #BearishBreakdown #BinanceTrade