🐋 $CHIP has hit a new 24-hour low, and selling pressure hasn’t let up.
Current price: 0.04075, below the previous low of 0.04085. 24-hour trading volume: $1.02 million.
There are often large numbers of stop-loss orders on long positions below the previous low, so breaking below it could trigger a cascade of stop-losses. Watch for large buyers stepping in at lower levels.
#CHIP
Market conditions can change in an instant, so don’t rush to conclusions.
Current price: 0.04075, below the previous low of 0.04085. 24-hour trading volume: $1.02 million.
There are often large numbers of stop-loss orders on long positions below the previous low, so breaking below it could trigger a cascade of stop-losses. Watch for large buyers stepping in at lower levels.
#CHIP
Market conditions can change in an instant, so don’t rush to conclusions.