$CHIP Short 50x | short zone live, the proof begins here.
CHIP has come back to the exact level I was waiting for, so this is no longer a chase. I am already positioned, and the whole idea dies if supply stops defending.
Trade Plan:
- Entry: 0.04062 – 0.04080
- TP1: 0.04004 (R:R 1:0.8)
- TP2: 0.03960 (R:R 1:1.2)
- TP3: 0.03893 (R:R 1:2.0)
- SL: 0.04160
Why this setup?
- 4h still backs the short, and price is reacting right where I want it: 0.04062–0.04080 near 0.04071.
- 15m RSI at 44 is neutral momentum, which still leaves room for downside continuation, but the zone has to prove itself.
- Volume is behind the tape: 0.87x, with 749.28K traded against 858.14K expected.
Trade here 👇 and Do you take partials at TP1, or hold the full position for TP2?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has come back to the exact level I was waiting for, so this is no longer a chase. I am already positioned, and the whole idea dies if supply stops defending.
Trade Plan:
- Entry: 0.04062 – 0.04080
- TP1: 0.04004 (R:R 1:0.8)
- TP2: 0.03960 (R:R 1:1.2)
- TP3: 0.03893 (R:R 1:2.0)
- SL: 0.04160
Why this setup?
- 4h still backs the short, and price is reacting right where I want it: 0.04062–0.04080 near 0.04071.
- 15m RSI at 44 is neutral momentum, which still leaves room for downside continuation, but the zone has to prove itself.
- Volume is behind the tape: 0.87x, with 749.28K traded against 858.14K expected.
Trade here 👇 and Do you take partials at TP1, or hold the full position for TP2?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
