🚨 $CHIP is showing a 3.8x volume spike… and buyers are holding their ground. 👀
And I’m watching for a BIG LONG on $CHIP here.
TP1: $0.05154 TP2: $0.05554 TP3: $0.05897 👇🏻
Entry: $0.04715 – $0.0
Now the question is: why LONG after this volume spike?
Because the 1H and daily structures are bullish, and buying pressure is holding firm after the bounce from the $0.04242 swing low.
The volume burst and buy-dominant flow suggest buyers could be absorbing selling pressure rather than distributing their positions.
That matters.
But there’s one risk we can’t ignore: BTC is bearish, while CHIP’s weekly structure is still ranging. So I’m not chasing the pump blindly.
I want price to pull back into the $0.04715–$0.04980 zone, sweep liquidity near $0.04715, and show a confirmed bullish shift on the 15M or 5M chart before considering entry.
If buyers defend the zone, the next targets are $0.05154, $0.05554, and $0.05897.
One important level to watch: a close below $0.04242 would invalidate this bullish bias and shift the outlook bearish.
📊 Flow: OI $11.2M (+7.9% in 24H) · Funding +0.0049% · Taker ratio 1.18×
The plan is simple: wait for confirmation, respect the $BTC risk, and don’t FOMO the spike. 📈
And I’m watching for a BIG LONG on $CHIP here.
TP1: $0.05154 TP2: $0.05554 TP3: $0.05897 👇🏻
Entry: $0.04715 – $0.0
Now the question is: why LONG after this volume spike?
Because the 1H and daily structures are bullish, and buying pressure is holding firm after the bounce from the $0.04242 swing low.
The volume burst and buy-dominant flow suggest buyers could be absorbing selling pressure rather than distributing their positions.
That matters.
But there’s one risk we can’t ignore: BTC is bearish, while CHIP’s weekly structure is still ranging. So I’m not chasing the pump blindly.
I want price to pull back into the $0.04715–$0.04980 zone, sweep liquidity near $0.04715, and show a confirmed bullish shift on the 15M or 5M chart before considering entry.
If buyers defend the zone, the next targets are $0.05154, $0.05554, and $0.05897.
One important level to watch: a close below $0.04242 would invalidate this bullish bias and shift the outlook bearish.
📊 Flow: OI $11.2M (+7.9% in 24H) · Funding +0.0049% · Taker ratio 1.18×
The plan is simple: wait for confirmation, respect the $BTC risk, and don’t FOMO the spike. 📈