$CHIP Short 50x | Sellers hold the zone, invalidation stays clean.
CHIP has arrived at the zone I mapped for this setup. This short is live, but confirmation at the zone is still the deciding factor.
Trade Plan:
- Entry: 0.04787 – 0.04803
- TP1: 0.04740 (R:R 1:0.8)
- TP2: 0.04704 (R:R 1:1.2)
- TP3: 0.04649 (R:R 1:2.0)
- SL: 0.04868
Why this setup?
- The short read stays valid on 4h, with price respecting 0.04787–0.04803 while the daily picture remains range-bound.
- 15m RSI at 46 still gives sellers room to press lower, as long as they defend the level.
- Volume is at 1.44x, with 1.41M traded against 982.04K expected, so participation is behind the move.
Trade here 👇 and Do you trust supply to hold clean here, or do you wait for invalidation to get tested?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has arrived at the zone I mapped for this setup. This short is live, but confirmation at the zone is still the deciding factor.
Trade Plan:
- Entry: 0.04787 – 0.04803
- TP1: 0.04740 (R:R 1:0.8)
- TP2: 0.04704 (R:R 1:1.2)
- TP3: 0.04649 (R:R 1:2.0)
- SL: 0.04868
Why this setup?
- The short read stays valid on 4h, with price respecting 0.04787–0.04803 while the daily picture remains range-bound.
- 15m RSI at 46 still gives sellers room to press lower, as long as they defend the level.
- Volume is at 1.44x, with 1.41M traded against 982.04K expected, so participation is behind the move.
Trade here 👇 and Do you trust supply to hold clean here, or do you wait for invalidation to get tested?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
