$CHIP /USDT
shows strong bullish momentum, supported by a noticeable increase in trading volume. However, the price is now approaching the $0.06768 resistance area, where sellers could step in.
📈 What I'm watching:
* Resistance: $0.06768
* Potential support: $0.0620
* Deeper support: $0.0530–$0.0500
If buyers break resistance and hold above it, further upside may become possible. If the price gets rejected, a pullback to nearby support could follow.
My approach: I would watch for confirmation rather than chase a candle after such a strong rally. Volume, candle closes, and support retests will be important.
What do you think? Can $CHIP
break its recent high, or will sellers take control?
★Follow for more simple crypto chart analysis. 📊
Not financial advice. This is my personal chart observation..
shows strong bullish momentum, supported by a noticeable increase in trading volume. However, the price is now approaching the $0.06768 resistance area, where sellers could step in.
📈 What I'm watching:
* Resistance: $0.06768
* Potential support: $0.0620
* Deeper support: $0.0530–$0.0500
If buyers break resistance and hold above it, further upside may become possible. If the price gets rejected, a pullback to nearby support could follow.
My approach: I would watch for confirmation rather than chase a candle after such a strong rally. Volume, candle closes, and support retests will be important.
What do you think? Can $CHIP
break its recent high, or will sellers take control?
★Follow for more simple crypto chart analysis. 📊
Not financial advice. This is my personal chart observation..