$CHIP just got hit with another sharp flush, now trading at $0.0428 and down 23.2% in 24h on $7.23M volume. The 4h RSI is sitting at 24, so sellers may be stretched, while negative funding shows shorts are paying to stay aggressive.
This is the key decision zone: hold around $0.042 and a relief bounce could trap late shorts. Lose it cleanly and the downside opens toward the $0.038 area. MAs are still chopping, so this is a reaction trade, not a confirmed reversal yet. Watching whether buyers step in or the breakdown accelerates š
#CHIP $CHIP #Crypto #Trading
Inspired by Paben_Shop on Binance Square.
This is the key decision zone: hold around $0.042 and a relief bounce could trap late shorts. Lose it cleanly and the downside opens toward the $0.038 area. MAs are still chopping, so this is a reaction trade, not a confirmed reversal yet. Watching whether buyers step in or the breakdown accelerates š
#CHIP $CHIP #Crypto #Trading
Inspired by Paben_Shop on Binance Square.