$CHIP đIS SHOWING A STRONG RECOVERY â BUT THE NEXT MOVE NEEDS CONFIRMATION đ
$CHIP is starting to look interesting after bouncing strongly from the $0.0214 area. Price has now pushed back above $0.027, showing that buyers are stepping in after the recent sell-off.
The important zone from here is around $0.032â$0.033. If bulls can break that area with strong volume and hold above it, the next possible target could be around $0.039â$0.040.
That would be a significant move from the current price, so this is where traders should pay attention rather than simply chasing candles.
For beginners, the idea is simple:
âĄïž $0.027â$0.028 = current area to watch
âĄïž $0.032â$0.033 = important resistance
âĄïž $0.039â$0.040 = potential bullish target
âĄïž $0.0214â$0.022 = major downside support/invalidation area
But thereâs one big factor: BTC and the overall crypto market.
If the wider market starts selling heavily next week, $CHIP can easily lose momentum even if its own chart looks bullish. In that situation, I would rather wait for a new setup than force a long trade.
So right now, Iâm watching $0.032â$0.033 very closely. A clean breakout + hold could open the door toward $0.039â$0.040.
No need to rush. Let price confirm the direction first. đ
#CHIP #Altcoins #chip
$CHIP is starting to look interesting after bouncing strongly from the $0.0214 area. Price has now pushed back above $0.027, showing that buyers are stepping in after the recent sell-off.
The important zone from here is around $0.032â$0.033. If bulls can break that area with strong volume and hold above it, the next possible target could be around $0.039â$0.040.
That would be a significant move from the current price, so this is where traders should pay attention rather than simply chasing candles.
For beginners, the idea is simple:
âĄïž $0.027â$0.028 = current area to watch
âĄïž $0.032â$0.033 = important resistance
âĄïž $0.039â$0.040 = potential bullish target
âĄïž $0.0214â$0.022 = major downside support/invalidation area
But thereâs one big factor: BTC and the overall crypto market.
If the wider market starts selling heavily next week, $CHIP can easily lose momentum even if its own chart looks bullish. In that situation, I would rather wait for a new setup than force a long trade.
So right now, Iâm watching $0.032â$0.033 very closely. A clean breakout + hold could open the door toward $0.039â$0.040.
No need to rush. Let price confirm the direction first. đ
#CHIP #Altcoins #chip