Despite the red 30-day candle (-11%), the short-term momentum has completely flipped🤫💵
We are up nearly 12% in the last 24 hours with strong volume (63M+ CHIP traded).
This looks like a classic reclaim of the range. The risk-to-reward here is solid if you manage your leverage.
I’m looking for a slight retest of the 0.047-0.048 area to ladder in.
If we hold this 4H trend, we are looking at a quick flip back to the 0.055 zone.
$CHIP
We are up nearly 12% in the last 24 hours with strong volume (63M+ CHIP traded).
This looks like a classic reclaim of the range. The risk-to-reward here is solid if you manage your leverage.
I’m looking for a slight retest of the 0.047-0.048 area to ladder in.
If we hold this 4H trend, we are looking at a quick flip back to the 0.055 zone.
$CHIP
