🚀 $CHIP is showing a potential technical setup!

CHIP/USDT on the 1W timeframe is showing signs of recovery after establishing a macro base near 0.02147 and attempting to test higher resistance zones.

📈 The Technical Setup:
• The Pattern: Range accumulation and impulsive recovery with Fibonacci extension targets
• Short-term Target: 0.06744
• Macro Objective: 0.08500
• Market Structure: Reversal and consolidation

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.03500 - 0.03903
• Resistance: 0.04988
• Breakout Level: 0.04988
• Stop Loss / Invalidation: 0.03527

📊 Confirmation:
• Volume: Neutral/standard volume visible on weekly candles
• Momentum: Strong bounce from the 0 Fibonacci level around 0.02147 with continuous recovery candles
• Trend: Attempting a macro trend reversal following a sharp correction

⚠️ Invalidation:
A decisive weekly close below the 0.03527 support zone would invalidate this potential recovery setup.

CHIP is attempting a recovery after finding a macro bottom around 0.02147, watching key resistance at 0.04988 for continuation.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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