Over $CHIP 1 hours, it pulled back 7.88%, with the current price at 0.05179. There are two possible scenarios from here:
① It stabilizes and reclaims the point where the drop began → this was most likely a sentiment-driven sell-off
② It bounces but fails to reclaim that level, and breaks below the 24-hour low of 0.05142 → the downtrend may continue
Personally, I’ll wait to see how strong the stabilization signals are before deciding. What levels are you watching next?
① It stabilizes and reclaims the point where the drop began → this was most likely a sentiment-driven sell-off
② It bounces but fails to reclaim that level, and breaks below the 24-hour low of 0.05142 → the downtrend may continue
Personally, I’ll wait to see how strong the stabilization signals are before deciding. What levels are you watching next?