$CHIP Short 10x | Supply is in play, sellers need to deliver.
CHIP has arrived at the strategic zone where I’m ready to take calculated risks. This short setup has a definitive invalidation point, which strengthens my conviction.
Trade Plan:
- Entry: 0.04464 – 0.04498
- TP1: 0.04360 (R:R 1:0.8)
- TP2: 0.04280 (R:R 1:1.3)
- TP3: 0.04160 (R:R 1:2.0)
- SL: 0.04642
Why this setup?
- The short remains well-structured, not arbitrary: 4h is preserved while price stays within 0.04464–0.04498 around 0.04481.
- The 15m RSI at 54 indicates neutral momentum, allowing for potential downside continuation and giving sellers the chance to maintain the setup.
- Current volume is showing 0.97x, with 2.57M traded against 2.66M expected, confirming genuine sell-side activity.
Trade here 👇 and Is the first touch the optimal entry, or should we wait for a second rejection?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has arrived at the strategic zone where I’m ready to take calculated risks. This short setup has a definitive invalidation point, which strengthens my conviction.
Trade Plan:
- Entry: 0.04464 – 0.04498
- TP1: 0.04360 (R:R 1:0.8)
- TP2: 0.04280 (R:R 1:1.3)
- TP3: 0.04160 (R:R 1:2.0)
- SL: 0.04642
Why this setup?
- The short remains well-structured, not arbitrary: 4h is preserved while price stays within 0.04464–0.04498 around 0.04481.
- The 15m RSI at 54 indicates neutral momentum, allowing for potential downside continuation and giving sellers the chance to maintain the setup.
- Current volume is showing 0.97x, with 2.57M traded against 2.66M expected, confirming genuine sell-side activity.
Trade here 👇 and Is the first touch the optimal entry, or should we wait for a second rejection?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
