$CHIP has lost its lower-tf bullish structure after breaking down below the MA60 ($0.04419) and establishing a series of lower highs and lower lows. Although up +14.66% over 24 hours, seller volume absorption on retests of the MA60 indicates dynamic resistance is holding firm. A pull-back into the $0.04415–$0.04430 supply zone provides a clean short setup targeting downside liquidity toward the local low near $0.04373 as late longs face liquidation.
​🎯 Trade Setup
​Direction:
SHORT
​Entry Zone
$0.04415 – $0.04430
​Take Profit 1
$0.04373
​Take Profit 2
$0.04320
​Take Profit 3
$0.04250
​Stop Loss
$0.04465
​Risk : Reward
1:2.3
​Trade Type
Scalp
​#chip