$CHIP
Short 10x | Setting up the deal for execution only.
The stock has reached the expected supply area, making this trade worth attention. I entered a short position with a clear invalidation point, emphasizing the importance of the level rather than mere speculation.
Trade plan:
- Entry: 0.04143 – 0.04169
- Target 1: 0.04062 (RR 1:0.7)
- Target 2: 0.03999 (RR 1:1.2)
- Target 3: 0.03905 (RR 1:2.0)
- Stop loss: 0.04282
Why was this scenario prepared?
- The 4-hour timeframe still supports a valid short scenario, with 1D context within a price range where price is reacting from 0.04143–0.04169 near 0.04156.
- The 15-minute RSI at 28 indicates extended bearish momentum, making continuation crucial; the trade has a chance as long as sellers remain in control.
- Volume speaks: 4.00x momentum, with 3.14M traded vs an expected 784.55K, highlighting real participation from the sell side.
Short 10x | Setting up the deal for execution only.
The stock has reached the expected supply area, making this trade worth attention. I entered a short position with a clear invalidation point, emphasizing the importance of the level rather than mere speculation.
Trade plan:
- Entry: 0.04143 – 0.04169
- Target 1: 0.04062 (RR 1:0.7)
- Target 2: 0.03999 (RR 1:1.2)
- Target 3: 0.03905 (RR 1:2.0)
- Stop loss: 0.04282
Why was this scenario prepared?
- The 4-hour timeframe still supports a valid short scenario, with 1D context within a price range where price is reacting from 0.04143–0.04169 near 0.04156.
- The 15-minute RSI at 28 indicates extended bearish momentum, making continuation crucial; the trade has a chance as long as sellers remain in control.
- Volume speaks: 4.00x momentum, with 3.14M traded vs an expected 784.55K, highlighting real participation from the sell side.