CHIP is testing a steep bearish swing, price slipping under the 20‑day EMA with momentum fading fast.
🔴 $CHIP SHORT 📉 — Trade Plan
• Entry: $0.036224 – $0.036296
• Stop: $0.037348 (-3.0%)
• Target 1: $0.035716 (+1.5%)
• Target 2: $0.034447 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure broke a recent higher low (CHoCH) while the CVD turned negative, confirming the down move. A fresh fair value gap aligns with an order block near 580, and a liquidity sweep wiped out short‑covering zones, creating a tight POI confluence. This combo signals a strong short bias heading toward the next swing low.
A 3.0% stop is relatively tight for this volatility, so keep leverage modest, around 2‑3x.
Take partial profit around the first target near the 610 level as price approaches the next resistance.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$CHIP #CHIPUSDT #curse #TradingSignals #Write2Earn
🔴 $CHIP SHORT 📉 — Trade Plan
• Entry: $0.036224 – $0.036296
• Stop: $0.037348 (-3.0%)
• Target 1: $0.035716 (+1.5%)
• Target 2: $0.034447 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure broke a recent higher low (CHoCH) while the CVD turned negative, confirming the down move. A fresh fair value gap aligns with an order block near 580, and a liquidity sweep wiped out short‑covering zones, creating a tight POI confluence. This combo signals a strong short bias heading toward the next swing low.
A 3.0% stop is relatively tight for this volatility, so keep leverage modest, around 2‑3x.
Take partial profit around the first target near the 610 level as price approaches the next resistance.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$CHIP #CHIPUSDT #curse #TradingSignals #Write2Earn