$CHIP In the death zone — RSI at 87.98 is trapping buyers 🔴
$CHIP /USDT — Short 🔴
Trading plan:
Entry: 0.06649 – 0.067416
Stop loss: 0.068342
Target 1: 0.062323
Target 2: 0.059082
Target 3: 0.055841
Why this setup?
RSI at 87.98 on the 1-hour timeframe — extreme overbought conditions
The Macro Extremes event confirms bullish momentum exhaustion
Tight ATR of 0.001852 allows for a precise entry with a nearby stop
A sell order at 0.06649–0.067416 puts you on track for the first target at 0.062323 — will you execute the order now, or watch the price collapse without you? 👇
$CHIP (Reminder: Timeframe: 1h | Event: Macro Extremes)
This content is not investment advice. Do your own research (DYOR)
$CHIP /USDT — Short 🔴
Trading plan:
Entry: 0.06649 – 0.067416
Stop loss: 0.068342
Target 1: 0.062323
Target 2: 0.059082
Target 3: 0.055841
Why this setup?
RSI at 87.98 on the 1-hour timeframe — extreme overbought conditions
The Macro Extremes event confirms bullish momentum exhaustion
Tight ATR of 0.001852 allows for a precise entry with a nearby stop
A sell order at 0.06649–0.067416 puts you on track for the first target at 0.062323 — will you execute the order now, or watch the price collapse without you? 👇
$CHIP (Reminder: Timeframe: 1h | Event: Macro Extremes)
This content is not investment advice. Do your own research (DYOR)