A look at $CHIP through support and resistance: up 5.9% in 24h, currently at 0.04193.
Above 0.04193 is a previous bagholder zone, where every step up brings in sellers looking to break even. Below is the cost-basis zone for this rally, where buyers may step in to defend the price if it falls back. The key strategy is to look for buying opportunities near support and reduce positions near resistance.
Do you usually draw support and resistance levels? #CHIP
For discussion purposes only; this is not investment advice.
Above 0.04193 is a previous bagholder zone, where every step up brings in sellers looking to break even. Below is the cost-basis zone for this rally, where buyers may step in to defend the price if it falls back. The key strategy is to look for buying opportunities near support and reduce positions near resistance.
Do you usually draw support and resistance levels? #CHIP
For discussion purposes only; this is not investment advice.
