$CHIP USDT — SHORT SETUP
CHIP is under heavy selling pressure, with price down 3.15% while volume has surged 1460.3%. The token is already down 10.6% over 24h, and $23.55M in volume shows strong market activity. Unless buyers reclaim the nearby resistance zone, the current weakness could extend lower.
Price: $0.05197
Support: $0.0490–$0.0500
Resistance: $0.0535–$0.0550
Entry: $0.0520–$0.0540
TP1: $0.0495
TP2: $0.0470
SL: $0.0560
The idea is simple: if $CHIP remains below the $0.0550 resistance zone, downside continuation toward $0.0470 remains on the table. Keep leverage reasonable and manage risk. Don’t chase the move.
$CHIP
CHIP is under heavy selling pressure, with price down 3.15% while volume has surged 1460.3%. The token is already down 10.6% over 24h, and $23.55M in volume shows strong market activity. Unless buyers reclaim the nearby resistance zone, the current weakness could extend lower.
Price: $0.05197
Support: $0.0490–$0.0500
Resistance: $0.0535–$0.0550
Entry: $0.0520–$0.0540
TP1: $0.0495
TP2: $0.0470
SL: $0.0560
The idea is simple: if $CHIP remains below the $0.0550 resistance zone, downside continuation toward $0.0470 remains on the table. Keep leverage reasonable and manage risk. Don’t chase the move.
$CHIP
