$CHIP SHORT TRADE DELIVERED ... BEARS TOOK FULL CONTROL
$CHIP has taken a massive hit after rejecting the 0.068–0.070 zone. Price has now dropped toward 0.044, and the downside move has been significant.
TP1: Hit
TP2: Hit
Final Target: Hit
The rejection after that sharp pump was the key signal I was watching. Once sellers stepped in, the correction gained momentum and price continued moving lower.
This is why I pay attention to resistance and price structure instead of chasing every pump. After a strong vertical move, a rejection can change the entire setup.
Another major move for the short side. Price action speaks louder than hype.
$CHIP
$CHIP has taken a massive hit after rejecting the 0.068–0.070 zone. Price has now dropped toward 0.044, and the downside move has been significant.
TP1: Hit
TP2: Hit
Final Target: Hit
The rejection after that sharp pump was the key signal I was watching. Once sellers stepped in, the correction gained momentum and price continued moving lower.
This is why I pay attention to resistance and price structure instead of chasing every pump. After a strong vertical move, a rejection can change the entire setup.
Another major move for the short side. Price action speaks louder than hype.
$CHIP