$CHIP is not dead. This flush is the setup, not the funeral. 🩸
Down 8.49% to $0.0382, with the 4h move at -9.7%. RSI is 27, but $2.86M volume is only 0.3x the 20d average. That looks more like exhaustion than capitulation.
Still, longs are paying funding while MAs chop. Bad combo. $SOL strength won't magically fix a weak chart.
At $0.04, I’d wait for a clean reclaim before getting aggressive. No hero entries. ⚡
What's your target here?
#CHIP #CryptoNews
Down 8.49% to $0.0382, with the 4h move at -9.7%. RSI is 27, but $2.86M volume is only 0.3x the 20d average. That looks more like exhaustion than capitulation.
Still, longs are paying funding while MAs chop. Bad combo. $SOL strength won't magically fix a weak chart.
At $0.04, I’d wait for a clean reclaim before getting aggressive. No hero entries. ⚡
What's your target here?
#CHIP #CryptoNews