$CHIP — BEARISH REJECTION IS NOW VISIBLE
#CHIP is showing a clear bearish structure on the 1H chart. After the sharp breakdown from the $0.047–$0.048 zone, price attempted a recovery but faced strong rejection near $0.044. Sellers have stepped back in, and the move below $0.0420 can open the next downside leg.
SHORT TRADE SETUP
Entry Zone: $0.04210 – $0.04320
TP1: $0.04120
TP2: $0.04020
TP3: $0.03910
Stop Loss: $0.04430
The rejection is confirmed and momentum remains with the sellers. A clean break below $0.0420 can accelerate the move toward the targets.
Sell and Trade $CHIP
#CHIP is showing a clear bearish structure on the 1H chart. After the sharp breakdown from the $0.047–$0.048 zone, price attempted a recovery but faced strong rejection near $0.044. Sellers have stepped back in, and the move below $0.0420 can open the next downside leg.
SHORT TRADE SETUP
Entry Zone: $0.04210 – $0.04320
TP1: $0.04120
TP2: $0.04020
TP3: $0.03910
Stop Loss: $0.04430
The rejection is confirmed and momentum remains with the sellers. A clean break below $0.0420 can accelerate the move toward the targets.
Sell and Trade $CHIP
