$CHIP latest market update 🚀
Long/Short: Short
Entry: 0.04089–0.04225
Stop loss: 0.04376
Targets: 0.03982/0.03831/0.03604
Analysis: Sigh, today’s chart is really frustrating. The short-term EMA has crossed below the long-term EMA directly. The MACD is still in a dead cross. And looking at the RSI—it’s still 33, suggesting bearish momentum. This setup basically tells you the short side is in control. As for this fluctuation, it looks like it may grind around near 0.04134. Unless a breakdown happens, don’t add positions lightly. The stop-loss level is right there at 0.043760—be cautious at this point. After all, the current move hasn’t been fully worked out yet. Watch more, act less. Don’t get distracted by the “excitement” of the chart.
Risk warning: Suggested stop-loss: 0.043760. Please adjust your position size according to your own risk preference.
#CHIP
Long/Short: Short
Entry: 0.04089–0.04225
Stop loss: 0.04376
Targets: 0.03982/0.03831/0.03604
Analysis: Sigh, today’s chart is really frustrating. The short-term EMA has crossed below the long-term EMA directly. The MACD is still in a dead cross. And looking at the RSI—it’s still 33, suggesting bearish momentum. This setup basically tells you the short side is in control. As for this fluctuation, it looks like it may grind around near 0.04134. Unless a breakdown happens, don’t add positions lightly. The stop-loss level is right there at 0.043760—be cautious at this point. After all, the current move hasn’t been fully worked out yet. Watch more, act less. Don’t get distracted by the “excitement” of the chart.
Risk warning: Suggested stop-loss: 0.043760. Please adjust your position size according to your own risk preference.
#CHIP