CHIP is battling a tight range near 0.85, and the bears are finally taking control. Volume spikes hint the downtrend is gaining momentum.
🔴 $CHIP SHORT 📉
Entry $0.039061-$0.039139 | SL $0.040273 (-3.0%) | TP1 $0.038513 (+1.5%) | TP2 $0.037145 (+5.0%) | R/R 1:1.7 | Conf 65%
A change of character busted the higher highs and the CVD turned sharply negative, confirming the shift. The fair value gap sits just below the recent swing low and overlaps a strong order block, creating a solid point of interest. With that confluence in place, the short entry feels aggressive but justified.
A 3.0% stop is fairly tight, so keep leverage modest at around 2‑3x.
Consider scaling out half of the position when price reaches the first target near 0.78.
As always: manage your risk, this is not financial advice 🙏
$CHIP #CHIPUSDT #curse #TradingSignals #Write2Earn
🔴 $CHIP SHORT 📉
Entry $0.039061-$0.039139 | SL $0.040273 (-3.0%) | TP1 $0.038513 (+1.5%) | TP2 $0.037145 (+5.0%) | R/R 1:1.7 | Conf 65%
A change of character busted the higher highs and the CVD turned sharply negative, confirming the shift. The fair value gap sits just below the recent swing low and overlaps a strong order block, creating a solid point of interest. With that confluence in place, the short entry feels aggressive but justified.
A 3.0% stop is fairly tight, so keep leverage modest at around 2‑3x.
Consider scaling out half of the position when price reaches the first target near 0.78.
As always: manage your risk, this is not financial advice 🙏
$CHIP #CHIPUSDT #curse #TradingSignals #Write2Earn