đ LONG $CHIP
đ° Entry: 0.04905
đĄ Stop-loss: 0.04750 (â3.2%)
đŻ Take-profit: 0.05091 â 0.05194
đ A bullish engulfing candle just swallowed the prior red candle right on EMA20 â CHIP's pullback is done and buyers reclaimed control.
âą Full EMA stack with a 7.6% trend spread means pullbacks have room to resolve with the trend
âą Pullback landed within 0.6% of EMA20 â textbook shallow dip into dynamic support
âą Engulfing candle printed 1.48 ATR range on 1.2x volume â a decisive rejection, not a drift
âą HTF, daily and Elliott structure all point the same way, so this is a trend continuation trade
âą RSI at 55 leaves momentum headroom, and stop at the engulfing low keeps risk tight for favorable R:R
â Score 75.4/100 â â â â â
Wait for this candle to close above EMA20, scale in with a tight stop under the engulfing swing low.
đŹ Long $CHIP too, or taking the other side? Drop your call below.
$BTC #CHIPUSDT #Long #TradingSignals
đ Follow for hourly setups.
đ° Entry: 0.04905
đĄ Stop-loss: 0.04750 (â3.2%)
đŻ Take-profit: 0.05091 â 0.05194
đ A bullish engulfing candle just swallowed the prior red candle right on EMA20 â CHIP's pullback is done and buyers reclaimed control.
âą Full EMA stack with a 7.6% trend spread means pullbacks have room to resolve with the trend
âą Pullback landed within 0.6% of EMA20 â textbook shallow dip into dynamic support
âą Engulfing candle printed 1.48 ATR range on 1.2x volume â a decisive rejection, not a drift
âą HTF, daily and Elliott structure all point the same way, so this is a trend continuation trade
âą RSI at 55 leaves momentum headroom, and stop at the engulfing low keeps risk tight for favorable R:R
â Score 75.4/100 â â â â â
Wait for this candle to close above EMA20, scale in with a tight stop under the engulfing swing low.
đŹ Long $CHIP too, or taking the other side? Drop your call below.
$BTC #CHIPUSDT #Long #TradingSignals
đ Follow for hourly setups.