Short sell $CHIP
: Price at 0.0522, the 4-hour resistance sellers must defend.
Rejection at 0.0522 → 0.0500, then 0.0488.
Reclaiming 0.0537 → idea invalidated.
I’m waiting for sellers to enter here and push the price down again.
What supports the idea:
- 4-hour price at 0.0521 is above EMA50 at 0.0459: this is a countertrend trade, so the stop-loss level matters.
- Risk is 3.1% to the stop loss versus 6.3% to the third target: about 2.0R if the price moves all the way.
- 1-hour RSI at 69: elevated, with room to pull back.
🔴 Short sell · Entry 0.05195–0.05221 · Targets 0.05085 / 0.05003 / 0.04880 · Stop loss 0.05372
Not financial advice · Do your own research
CHIPUSDT
Perpetual
0.05197
+5.84%
: Price at 0.0522, the 4-hour resistance sellers must defend.
Rejection at 0.0522 → 0.0500, then 0.0488.
Reclaiming 0.0537 → idea invalidated.
I’m waiting for sellers to enter here and push the price down again.
What supports the idea:
- 4-hour price at 0.0521 is above EMA50 at 0.0459: this is a countertrend trade, so the stop-loss level matters.
- Risk is 3.1% to the stop loss versus 6.3% to the third target: about 2.0R if the price moves all the way.
- 1-hour RSI at 69: elevated, with room to pull back.
🔴 Short sell · Entry 0.05195–0.05221 · Targets 0.05085 / 0.05003 / 0.04880 · Stop loss 0.05372
Not financial advice · Do your own research
CHIPUSDT
Perpetual
0.05197
+5.84%