The structure on $CHIP has changed enough to put this setup on my watchlist.
What stands out here is that the 1H move is -2.80% and the last 15m is -1.27%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bearish, and the current 1h structure agrees. That keeps the advantage with sellers for now.
The area around $0.04064 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Do you see the same structure on $CHIP, or are you reading it differently?
#CHIP #Trading
Trade plan: SHORT
Entry: $0.03653
SL: $0.06098
TP1: $0.01209
TP2: $-0.01236
TP3: $-0.0368
What stands out here is that the 1H move is -2.80% and the last 15m is -1.27%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bearish, and the current 1h structure agrees. That keeps the advantage with sellers for now.
The area around $0.04064 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Do you see the same structure on $CHIP, or are you reading it differently?
#CHIP #Trading
Trade plan: SHORT
Entry: $0.03653
SL: $0.06098
TP1: $0.01209
TP2: $-0.01236
TP3: $-0.0368
