$CHIP just swept a key level and reclaimed it.
The 1h/4h context still supports buyers, and open interest is expanding with the move.
I would rather see a reaction around $0.04534–$0.04563 than chase the current candle. The setup is invalid if price cleanly crosses $0.04519.
Would you trade this long setup now, or wait for a cleaner reaction?
#CHIP #Trading
Trade plan: LONG
Entry: $0.04534 - $0.04563
SL: $0.04519
TP1: $0.04605
TP2: $0.04646
TP3: $0.04687
The 1h/4h context still supports buyers, and open interest is expanding with the move.
I would rather see a reaction around $0.04534–$0.04563 than chase the current candle. The setup is invalid if price cleanly crosses $0.04519.
Would you trade this long setup now, or wait for a cleaner reaction?
#CHIP #Trading
Trade plan: LONG
Entry: $0.04534 - $0.04563
SL: $0.04519
TP1: $0.04605
TP2: $0.04646
TP3: $0.04687
