$CHIP Will CHIP succeed in breaking out of its consolidation range and launching towards new highs, or will it fall into the profit-taking trap?


Here's a concise and professional digital summary of CHIP (current price trading around $0.046):

🟢 1. Long Setup

Entry Zone: Between $0.042 and $0.045 (Structural support and retest of the consolidation and liquidity zone).

Targets (TP):

TP1: $0.051

TP2: $0.057

TP3: $0.065

Stop Loss (SL): 4-hour close below $0.038.

🔴 2. Short Setup

Entry Zone (Resistance): Between $0.055 and $0.060 (Strong supply zone and potential price rejection for speculators).

Targets (TP):

TP1: $0.048

TP2: $0.042

Stop Loss (SL): 4-hour close above $0.064.

📊 3. Technical Reasons in Brief (Rational)

Market View: The buy scenario hinges on the price rebounding from current demand zones and the bulls attempting to regain momentum after the recent stabilization. Meanwhile, resistance around $0.055 suggests the potential for selling pressure and quick profit-taking, which could hinder further immediate upward movement
$CHIP @Chip_chip #chip
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