$CHIP Short 10x | Supply hold setup, execution only.
CHIP has hit the anticipated supply zone, making this trade worth the attention. I’ve entered the short with a clear invalidation point, emphasizing the significance of the level over mere speculation.
Trade Plan:
- Entry: 0.04143 – 0.04169
- TP1: 0.04062 (R:R 1:0.7)
- TP2: 0.03999 (R:R 1:1.2)
- TP3: 0.03905 (R:R 1:2.0)
- SL: 0.04282
Why this setup?
- The 4h timeframe still supports a valid short scenario, with a range-bound 1D backdrop and price reacting from 0.04143–0.04169 near 0.04156.
- The 15m RSI at 28 indicates extended downside momentum, making follow-through critical; the short has potential if sellers maintain control.
- Volume speaks volumes: 4.00x pace, 3.14M traded against 784.55K expected, highlighting genuine sell-side engagement.
Trade here 👇 and is it wiser to defend the entry, or wait for confirmation to unfold?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
CHIP has hit the anticipated supply zone, making this trade worth the attention. I’ve entered the short with a clear invalidation point, emphasizing the significance of the level over mere speculation.
Trade Plan:
- Entry: 0.04143 – 0.04169
- TP1: 0.04062 (R:R 1:0.7)
- TP2: 0.03999 (R:R 1:1.2)
- TP3: 0.03905 (R:R 1:2.0)
- SL: 0.04282
Why this setup?
- The 4h timeframe still supports a valid short scenario, with a range-bound 1D backdrop and price reacting from 0.04143–0.04169 near 0.04156.
- The 15m RSI at 28 indicates extended downside momentum, making follow-through critical; the short has potential if sellers maintain control.
- Volume speaks volumes: 4.00x pace, 3.14M traded against 784.55K expected, highlighting genuine sell-side engagement.
Trade here 👇 and is it wiser to defend the entry, or wait for confirmation to unfold?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
