$CHIP broke above its 90-day high (0.06237) on heavy volume. Trading value was 5 times the 20-day average, and the current price is 0.06728.
A price breakout accompanied by heavy volume often means buyers are willing to trade at higher prices, while older holdings near the previous high are being absorbed.
Watch for two confirmations: the daily close stays above 0.06237; and the price retests the previous high without breaking below it, turning that high into support.
#CHIP
This is only a personal opinion and should not be used as a basis for trading.
A price breakout accompanied by heavy volume often means buyers are willing to trade at higher prices, while older holdings near the previous high are being absorbed.
Watch for two confirmations: the daily close stays above 0.06237; and the price retests the previous high without breaking below it, turning that high into support.
#CHIP
This is only a personal opinion and should not be used as a basis for trading.