CHIP dropped 9.3% today — and that might be the best thing that happened 💡
After a multi-day rally, a pullback is healthy. Daily RSI at 72.7 is still bullish. Price at $0.0407 remains above both the daily 7-SMA ($0.0363) and 25-SMA ($0.0289). The daily structure is holding strong.
The Setup:
On the 4H, MACD is still positive (+0.0004) despite the pullback. Volume at 1.22x average is normal — no panic selling. This is profit-taking, not trend reversal. The kind of dip that smart money buys.
Trade Plan (LONG on dip):
📍 Entry: $0.0388 - $0.0425
🛑 Stop: $0.0358 (below daily 7-SMA)
🎯 TP1: $0.0423
🎯 TP2: $0.0439
🎯 TP3: $0.0455
Watch the daily RSI — if it drops below 65, momentum weakens and I'm out.
Do you buy dips or wait for confirmation? What's your style? 👇
#CHIP #Altcoins #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.
After a multi-day rally, a pullback is healthy. Daily RSI at 72.7 is still bullish. Price at $0.0407 remains above both the daily 7-SMA ($0.0363) and 25-SMA ($0.0289). The daily structure is holding strong.
The Setup:
On the 4H, MACD is still positive (+0.0004) despite the pullback. Volume at 1.22x average is normal — no panic selling. This is profit-taking, not trend reversal. The kind of dip that smart money buys.
Trade Plan (LONG on dip):
📍 Entry: $0.0388 - $0.0425
🛑 Stop: $0.0358 (below daily 7-SMA)
🎯 TP1: $0.0423
🎯 TP2: $0.0439
🎯 TP3: $0.0455
Watch the daily RSI — if it drops below 65, momentum weakens and I'm out.
Do you buy dips or wait for confirmation? What's your style? 👇
#CHIP #Altcoins #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.