🔴 $CHIP REJECTS RESISTANCE AS SELLERS DEFEND THE PREMIUM LIQUIDITY ZONE 📉
Entry: 0.04787 - 0.04803 🔴
Target: 0.04740 - 0.04649 🎯
Stop Loss: 0.04868 ⚠️
$CHIP has tapped into our targeted supply zone between 0.04787 and 0.04803, where institutional sellers continue to defend structure. 📊 While daily price action remains range-bound, the 4H timeframe maintains a pristine bearish bias with clean invalidation defined above the high.
Lower timeframe momentum supports continuation, with the 15m RSI sitting at 46 and offering ample room for a downside drive. 💡 Trading volume has reached 1.44x expectations at 1.41M, confirming active order flow as sellers press toward lower liquidity targets. 💬 Will sellers drive the breakdown through target levels or will buyers reclaim the supply block? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CHIP #ShortSetup #Crypto #Trading #MarketStructure
📉 🛡️
Entry: 0.04787 - 0.04803 🔴
Target: 0.04740 - 0.04649 🎯
Stop Loss: 0.04868 ⚠️
$CHIP has tapped into our targeted supply zone between 0.04787 and 0.04803, where institutional sellers continue to defend structure. 📊 While daily price action remains range-bound, the 4H timeframe maintains a pristine bearish bias with clean invalidation defined above the high.
Lower timeframe momentum supports continuation, with the 15m RSI sitting at 46 and offering ample room for a downside drive. 💡 Trading volume has reached 1.44x expectations at 1.41M, confirming active order flow as sellers press toward lower liquidity targets. 💬 Will sellers drive the breakdown through target levels or will buyers reclaim the supply block? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CHIP #ShortSetup #Crypto #Trading #MarketStructure
📉 🛡️
