Looking at the chart $CHIP right now, I can’t help but feel like “money stench” is blowing in someone’s face—or the burning smell coming from the accounts of those who are SHORT, huh? Don’t rush to close your eyes and chase the green candles when it’s turned lush. First, look at the real data before placing your fate on a bet.
The market is getting excited because $CHIP just had a 20% jump in the past 24 hours. A lot of people are in FOMO thinking it’s a supercar, but stay calm and look from a technical angle:
🔹 15-minute timeframe: Price is holding around $0.0290, above both the MA(20) at $0.0280 and the EMA(9) at $0.0287. This is a signal that the buyers are still in control in the short term.
🔹 1-hour timeframe: The gap between the current price and MA(20) at $0.0273 is widening significantly. A mild pullback to retest the EMA(9) support zone around $0.0281 is very likely to happen—something that would help strengthen a more sustainable PUMP.
With my battle-hardened experience, chasing the green candle right now isn’t a wise choice. I’d rather wait for a correction to get a nicer setup than enter a trade based on belief.
My setup for this coin:
🎯 Position: LONG
🎯 Entry: 0.0278 - 0.0282 (wait for the pullback into the EMA on the 1H)
🎯 Take profit (TP): 0.0305 - 0.0320
🎯 Stop loss (SL): 0.0265 (if it breaks this level, it’s considered a clear bullish structure break—time to cut urgently)
Don’t forget—this market doesn’t offer free lunch. Are you holding through the trade (stressed/under leverage) or still standing outside watching the train go?
#CryptoTrading #Altcoin
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).
The market is getting excited because $CHIP just had a 20% jump in the past 24 hours. A lot of people are in FOMO thinking it’s a supercar, but stay calm and look from a technical angle:
🔹 15-minute timeframe: Price is holding around $0.0290, above both the MA(20) at $0.0280 and the EMA(9) at $0.0287. This is a signal that the buyers are still in control in the short term.
🔹 1-hour timeframe: The gap between the current price and MA(20) at $0.0273 is widening significantly. A mild pullback to retest the EMA(9) support zone around $0.0281 is very likely to happen—something that would help strengthen a more sustainable PUMP.
With my battle-hardened experience, chasing the green candle right now isn’t a wise choice. I’d rather wait for a correction to get a nicer setup than enter a trade based on belief.
My setup for this coin:
🎯 Position: LONG
🎯 Entry: 0.0278 - 0.0282 (wait for the pullback into the EMA on the 1H)
🎯 Take profit (TP): 0.0305 - 0.0320
🎯 Stop loss (SL): 0.0265 (if it breaks this level, it’s considered a clear bullish structure break—time to cut urgently)
Don’t forget—this market doesn’t offer free lunch. Are you holding through the trade (stressed/under leverage) or still standing outside watching the train go?
#CryptoTrading #Altcoin
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).