$CHIP short trade first tp hit
It rejected strongly
More downside
It rejected strongly
More downside
Post
--Bearish
BullishBanter
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Bearish$CHIP SHORT SETUP ... AFTER THE VERTICAL PUMP
CHIP has pushed aggressively into the 0.068–0.070 resistance area after a very sharp move. This is where I’m looking for a pullback setup.
Short Entry: 0.068–0.070
TP1: 0.0660
TP2: 0.0635
Final Target: 0.0600
SL: 0.0750
If buyers start losing momentum around 0.070, the correction can accelerate quickly toward 0.060. A clean move above 0.075 invalidates the short idea.
Don’t go all in this is a high-volatility setup, so keep proper risk.
Trade on $CHIP
CHIP has pushed aggressively into the 0.068–0.070 resistance area after a very sharp move. This is where I’m looking for a pullback setup.
Short Entry: 0.068–0.070
TP1: 0.0660
TP2: 0.0635
Final Target: 0.0600
SL: 0.0750
If buyers start losing momentum around 0.070, the correction can accelerate quickly toward 0.060. A clean move above 0.075 invalidates the short idea.
Don’t go all in this is a high-volatility setup, so keep proper risk.
Trade on $CHIP
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