$CHIP — Momentum Is Heating Up 🔥
$CHIP just delivered a strong breakout, closing around $0.0569 after a sharp move from the $0.04 area. Volume expanded significantly alongside the move, which makes this one worth watching closely.
I wouldn’t chase a vertical candle here. The better setup is to wait for a pullback and see whether buyers defend the breakout zone.
📍 Entry: $0.0510 – $0.0540
🎯 TP1: $0.0600
🎯 TP2: $0.0670
🎯 TP3: $0.0750
🛑 SL: $0.0470
The key level is around $0.047–0.050. If CHIP holds this area and starts building another higher low, the bullish continuation setup remains valid.
A clean break above $0.060 with strong volume could accelerate the next leg higher.
⚠️ If price loses $0.047 decisively, I’d consider the setup invalid and step aside.
High volatility = manage your risk.
NFA. DYOR.
$CHIP just delivered a strong breakout, closing around $0.0569 after a sharp move from the $0.04 area. Volume expanded significantly alongside the move, which makes this one worth watching closely.
I wouldn’t chase a vertical candle here. The better setup is to wait for a pullback and see whether buyers defend the breakout zone.
📍 Entry: $0.0510 – $0.0540
🎯 TP1: $0.0600
🎯 TP2: $0.0670
🎯 TP3: $0.0750
🛑 SL: $0.0470
The key level is around $0.047–0.050. If CHIP holds this area and starts building another higher low, the bullish continuation setup remains valid.
A clean break above $0.060 with strong volume could accelerate the next leg higher.
⚠️ If price loses $0.047 decisively, I’d consider the setup invalid and step aside.
High volatility = manage your risk.
NFA. DYOR.
