#chip 2H Analysis
CHIP is strongly bullish, up 30.60%, with price above EMA 7/25/99 and Supertrend. However, it is currently overextended above the Bollinger upper band.
🟢 Long: 2H close above 0.03155 or successful retest of 0.0300
Targets: 0.0320 → 0.0335 → 0.0350
Invalidation: Below 0.0295
🔴 Short: Only if price rejects 0.0315 and closes below 0.0298
Targets: 0.0284 → 0.0276 → 0.0260
Best approach: avoid chasing this pump; wait for confirmation or a pullback. #CHIP #CryptoTrading #BinanceSquare
CHIP is strongly bullish, up 30.60%, with price above EMA 7/25/99 and Supertrend. However, it is currently overextended above the Bollinger upper band.
🟢 Long: 2H close above 0.03155 or successful retest of 0.0300
Targets: 0.0320 → 0.0335 → 0.0350
Invalidation: Below 0.0295
🔴 Short: Only if price rejects 0.0315 and closes below 0.0298
Targets: 0.0284 → 0.0276 → 0.0260
Best approach: avoid chasing this pump; wait for confirmation or a pullback. #CHIP #CryptoTrading #BinanceSquare