Short $CHIP : price sits at resistance 0.0494–0.0496 on the 4H 👀
Reject 0.0496 → 0.0480, then 0.0472.
Reclaim 0.0510 → the idea is off the table.
I'm watching for sellers to defend this level.
What backs it:
- 4H price is at 0.0495 above EMA50 at 0.0486, a fade against the trend.
- BTC short-term trend is bearish, providing a tailwind for this idea.
- 1H RSI is 51: momentum neutral, suggesting room to roll over.
🔴 SHORT · Entry 0.0494–0.0496 · TP 0.0486 / 0.0480 / 0.0472 · SL 0.0510
NFA · DYOR
Reject 0.0496 → 0.0480, then 0.0472.
Reclaim 0.0510 → the idea is off the table.
I'm watching for sellers to defend this level.
What backs it:
- 4H price is at 0.0495 above EMA50 at 0.0486, a fade against the trend.
- BTC short-term trend is bearish, providing a tailwind for this idea.
- 1H RSI is 51: momentum neutral, suggesting room to roll over.
🔴 SHORT · Entry 0.0494–0.0496 · TP 0.0486 / 0.0480 / 0.0472 · SL 0.0510
NFA · DYOR