$CHIP has broken out of its multi-day 1H range and is consolidating just below the local high at $0.0391 after a strong expansion candle. Holding above the breakout zone keeps the trend firmly in buyers' control.
Entry: $0.0368–$0.0375
Stoploss: $0.0348
Targets: $0.0408 / $0.0435 / $0.0470
Volume expanded sharply on the breakout while price remains above the 7, 25, and 99 MA, confirming strong trend alignment. MACD continues to widen on the bullish crossover, funding has flipped slightly negative (-0.0402%), reducing long overcrowding, and the taker buy/sell ratio sits at 0.85, suggesting the rally isn't being driven by aggressive leveraged longs. As long as $0.0348 holds, this remains a healthy bullish continuation setup. A loss of that level would invalidate the breakout structure.
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