$CHIP Negative inflows are hitting stubborn bears hard. CHIP is showing real strength on this 15-minute chart.
A sharp 13% surge, climbing to 0.058, but CVD is still at -37.5k.
What does that mean? There’s almost no active buying; the entire rally is driven by forced short liquidations!
This new coin has a small circulating supply. If a big player applies even a little pressure, bears will have to line up to get out.
RSI6 has now surged to 89, indicating severely overbought conditions.
At a moment like this, chasing the rally is like trying to catch a falling knife;
opening short positions is like sticking your head out to get hit.
If you don’t hold any coins, it’s better to watch calmly; if you do, take profits on the way up and pocket them.
Don’t stubbornly go up against big players—preserving your capital is the real way to go.
This is market analysis only and is not investment advice.
A sharp 13% surge, climbing to 0.058, but CVD is still at -37.5k.
What does that mean? There’s almost no active buying; the entire rally is driven by forced short liquidations!
This new coin has a small circulating supply. If a big player applies even a little pressure, bears will have to line up to get out.
RSI6 has now surged to 89, indicating severely overbought conditions.
At a moment like this, chasing the rally is like trying to catch a falling knife;
opening short positions is like sticking your head out to get hit.
If you don’t hold any coins, it’s better to watch calmly; if you do, take profits on the way up and pocket them.
Don’t stubbornly go up against big players—preserving your capital is the real way to go.
This is market analysis only and is not investment advice.