$CHIP Short 10x | Supply retest in play, strategy remains firm.
CHIP has arrived at the critical zone where the short setup can trigger. I’m positioned here with a clear invalidation; if the supply falters, I’ll reassess.
Trade Plan:
- Entry: 0.04661 – 0.04691
- TP1: 0.04565 (R:R 1:0.7)
- TP2: 0.04491 (R:R 1:1.2)
- TP3: 0.04380 (R:R 1:2.0)
- SL: 0.04824
Why this setup?
- This trade is anchored in location: 4h short structure, a range-bound daily backdrop, and price reacting from 0.04661–0.04691.
- RSI15 at 49 suggests potential for sellers to push lower, contingent on maintaining control.
- Volume is at 0.69x, with 1.32M traded against 1.92M anticipated, validating the active participation.
Trade here 👇 and Are you ready to sell the zone, or will you hold out for a break below support?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has arrived at the critical zone where the short setup can trigger. I’m positioned here with a clear invalidation; if the supply falters, I’ll reassess.
Trade Plan:
- Entry: 0.04661 – 0.04691
- TP1: 0.04565 (R:R 1:0.7)
- TP2: 0.04491 (R:R 1:1.2)
- TP3: 0.04380 (R:R 1:2.0)
- SL: 0.04824
Why this setup?
- This trade is anchored in location: 4h short structure, a range-bound daily backdrop, and price reacting from 0.04661–0.04691.
- RSI15 at 49 suggests potential for sellers to push lower, contingent on maintaining control.
- Volume is at 0.69x, with 1.32M traded against 1.92M anticipated, validating the active participation.
Trade here 👇 and Are you ready to sell the zone, or will you hold out for a break below support?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
