🔻 $CHIP USDT Perp – Short Setup

Entry Zone: 0.03552 – 0.03700
Target 1: 0.03542 (24h low)
Target 2: 0.03200
Stop Loss: 0.03900

Why Short?

· Continuous downtrend with the price in a clear bearish structure below all key moving averages: MA(7): 0.03957, MA(25): 0.04407, and MA(99): 0.04128
· Downtrend at -6.38%
· Recent candles show heavy selling pressure with very little buying interest, pushing the price to new local lows

Key Levels:
🔴 Resistance: 0.03900
🟢 Support: 0.03542 → 0.03200

#CHIP #Trading #ShortSignal #Crypto #Binance

$CHIP