๐ด $CHIP REJECTION AT CRITICAL RESISTANCE SPELLS A HEAVY SHORT DROP! ๐
Entry: 0.04737 - 0.04772 โก
Target: 0.04420 ๐ฏ
Stop Loss: 0.04922 โ ๏ธ
$CHIP has punched straight into a major supply wall with buy-side momentum flatlining on the hourly charts. ๐ Sellers are defending this resistance zone with authority, sweeping local liquidity and preparing to push price lower.
๐ Order flow signals a severe imbalance as bid depth thins out beneath current levels. โก With risk capped strictly above the supply peak, the runway is clear for a sharp leg down into the lower liquidity pools.
๐ฌ Are you shorting this overhead rejection or catching the falling knife later? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #CHIP #ShortSetup #CryptoTrading #Bearish
๐ฉธ ๐
Entry: 0.04737 - 0.04772 โก
Target: 0.04420 ๐ฏ
Stop Loss: 0.04922 โ ๏ธ
$CHIP has punched straight into a major supply wall with buy-side momentum flatlining on the hourly charts. ๐ Sellers are defending this resistance zone with authority, sweeping local liquidity and preparing to push price lower.
๐ Order flow signals a severe imbalance as bid depth thins out beneath current levels. โก With risk capped strictly above the supply peak, the runway is clear for a sharp leg down into the lower liquidity pools.
๐ฌ Are you shorting this overhead rejection or catching the falling knife later? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #CHIP #ShortSetup #CryptoTrading #Bearish
๐ฉธ ๐
