📉 $CHIP — Is This Bounce Just a Bearish Retracement?
On the 4H chart, $CHIP remains in a downtrend, while price trades well below EMA(25) and EMA(99). The recent bounce looks weak against the broader structure. A breakdown below $0.04700 could increase selling pressure.
🔴 Short Bias: Below $0.04950
🎯 TP1: $0.04650
🎯 TP2: $0.04400
🎯 TP3: $0.04200
🛑 Invalidation: Above $0.05250
— ANiii Trader Analysis 📊
👇 Click to Open Trade
$SIREN
On the 4H chart, $CHIP remains in a downtrend, while price trades well below EMA(25) and EMA(99). The recent bounce looks weak against the broader structure. A breakdown below $0.04700 could increase selling pressure.
🔴 Short Bias: Below $0.04950
🎯 TP1: $0.04650
🎯 TP2: $0.04400
🎯 TP3: $0.04200
🛑 Invalidation: Above $0.05250
— ANiii Trader Analysis 📊
👇 Click to Open Trade
$SIREN