🚨 MAJOR ORDER FLOW IMBALANCE: $CHIPUSDT
Institutional desks are fading this move. We are seeing a clear Change of Character (CHOCH) on the lower timeframes, signaling a shift from bullish to bearish market structure. Price has failed to hold the previous high, suggesting a liquidity grab before a deeper correction. Risk management is paramount here as we target the internal range liquidity.
EXECUTION:
ENTRY: 0.05482 $CHIP
SL: 0.05564
TP1: 0.05250
TP2: 0.05017
RR: 1:5.6
The logic is simple: break of structure + failure to flip supply. Is $CHIP hitting a local top or just consolidating for a fakeout?
#CHIP #BinanceSquare #SlowSclap #TradingAnalysis
Institutional desks are fading this move. We are seeing a clear Change of Character (CHOCH) on the lower timeframes, signaling a shift from bullish to bearish market structure. Price has failed to hold the previous high, suggesting a liquidity grab before a deeper correction. Risk management is paramount here as we target the internal range liquidity.
EXECUTION:
ENTRY: 0.05482 $CHIP
SL: 0.05564
TP1: 0.05250
TP2: 0.05017
RR: 1:5.6
The logic is simple: break of structure + failure to flip supply. Is $CHIP hitting a local top or just consolidating for a fakeout?
#CHIP #BinanceSquare #SlowSclap #TradingAnalysis