$CHIP Short 50x | Targeted entry zone, no emotional trades here.
CHIP has hit the zone where the short scenario is either validated or invalidated. I’m already positioned, but we need sellers to maintain dominance at this level.
Trade Plan:
- Entry: 0.03724 – 0.03748
- TP1: 0.03648 (R:R 1:0.7)
- TP2: 0.03589 (R:R 1:1.2)
- TP3: 0.03501 (R:R 1:2.0)
- SL: 0.03854
Why this setup?
- The 4h timeframe still backs the short thesis, with price reacting precisely where I anticipated: 0.03724–0.03748 around 0.03736.
- The 15m RSI showing 24 indicates stretched downside pressure, so we need to see commitment here; the zone must validate itself.
- Volume supports the move: 4.00x, with 2.98M traded against 745.68K expected.
Trade here 👇 and Is it more strategic to short from this supply, or should we wait for a clearer breakdown?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has hit the zone where the short scenario is either validated or invalidated. I’m already positioned, but we need sellers to maintain dominance at this level.
Trade Plan:
- Entry: 0.03724 – 0.03748
- TP1: 0.03648 (R:R 1:0.7)
- TP2: 0.03589 (R:R 1:1.2)
- TP3: 0.03501 (R:R 1:2.0)
- SL: 0.03854
Why this setup?
- The 4h timeframe still backs the short thesis, with price reacting precisely where I anticipated: 0.03724–0.03748 around 0.03736.
- The 15m RSI showing 24 indicates stretched downside pressure, so we need to see commitment here; the zone must validate itself.
- Volume supports the move: 4.00x, with 2.98M traded against 745.68K expected.
Trade here 👇 and Is it more strategic to short from this supply, or should we wait for a clearer breakdown?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
