A +20% day for CHIP on $14M volume, but it's the candle shape that has our attention.
Price wicked hard off the 7-day high of 0.0573 and is now consolidating just above the short-term moving averages. That's a textbook rejection at resistance.
The volume gives the initial move credibility, but the failure to hold the highs tells the real story. For now.
Is this a dip to buy for the real breakout, or was that the exit liquidity?
$CHIP
This desk posts all day. Follow to keep up with it.
Price wicked hard off the 7-day high of 0.0573 and is now consolidating just above the short-term moving averages. That's a textbook rejection at resistance.
The volume gives the initial move credibility, but the failure to hold the highs tells the real story. For now.
Is this a dip to buy for the real breakout, or was that the exit liquidity?
$CHIP
This desk posts all day. Follow to keep up with it.
