$CHIP (1H) — Breakdown or Reclaim? ⚠️
Intraday support around 0.100–0.102 is already broken.
Current move is not a reclaim yet, it’s a weak bounce into resistance.
Market Structure:
→ Support ➝ Broken
→ Now acting as resistance
→ Price trading below key level (~0.091)
Indicators:
• SAR flipped bearish 📉
• RSI below 50 → weak momentum
• Volume declining → no strong buying
Plan:
🔴 Bearish Scenario (Preferred):
Entry: 0.098 – 0.102 (retest zone)
TP1: 0.088
TP2: 0.071
SL: Above 0.105
🟢 Bullish Invalidation:
Only if price reclaims 0.102 with strong volume
Then upside towards 0.115 – 0.120
Conclusion:
No confirmation of reclaim yet ❌
Still looks like a bearish retest → possible continuation down
Its not a financial advice- dyor before following
Intraday support around 0.100–0.102 is already broken.
Current move is not a reclaim yet, it’s a weak bounce into resistance.
Market Structure:
→ Support ➝ Broken
→ Now acting as resistance
→ Price trading below key level (~0.091)
Indicators:
• SAR flipped bearish 📉
• RSI below 50 → weak momentum
• Volume declining → no strong buying
Plan:
🔴 Bearish Scenario (Preferred):
Entry: 0.098 – 0.102 (retest zone)
TP1: 0.088
TP2: 0.071
SL: Above 0.105
🟢 Bullish Invalidation:
Only if price reclaims 0.102 with strong volume
Then upside towards 0.115 – 0.120
Conclusion:
No confirmation of reclaim yet ❌
Still looks like a bearish retest → possible continuation down
Its not a financial advice- dyor before following
