📉 $CHIP — Bearish Short Setup | Recovery Rejection
SHORT 🔴
Entry Zone: $0.0522 – $0.0528
Stop Loss (SL): $0.0544
🎯 Take Profit:
- TP1: $0.0515
- TP2: $0.0500
- TP3: $0.0472
📉 Market Analysis:
CHIP is showing signs of rejection near the $0.0540 resistance area following its recent recovery. This reaction suggests that selling pressure may be returning, potentially creating an opportunity for further downside if sellers maintain control.
The $0.0527 level is important for confirming the bearish scenario. If price remains below this area and selling momentum strengthens, the downside targets at $0.0515, $0.0500, and $0.0472 could come into focus. However, if buyers regain strength, the expected pullback may not develop as planned.
🔑 Key Level:
Watch the $0.0527 area closely. Continued weakness below this level could support bearish continuation, while a recovery above resistance may weaken the short setup.
⚠️ Risk Note:
The $0.0544 stop loss marks the planned invalidation level. Wait for clear bearish confirmation before entering, and avoid forcing a trade if buyers reclaim resistance. Use disciplined position sizing and be prepared for volatility.
Bearish bias while price remains below resistance and sellers maintain control. 📉
Sell and Trade $CHIP here 👇
DYOR.
SHORT 🔴
Entry Zone: $0.0522 – $0.0528
Stop Loss (SL): $0.0544
🎯 Take Profit:
- TP1: $0.0515
- TP2: $0.0500
- TP3: $0.0472
📉 Market Analysis:
CHIP is showing signs of rejection near the $0.0540 resistance area following its recent recovery. This reaction suggests that selling pressure may be returning, potentially creating an opportunity for further downside if sellers maintain control.
The $0.0527 level is important for confirming the bearish scenario. If price remains below this area and selling momentum strengthens, the downside targets at $0.0515, $0.0500, and $0.0472 could come into focus. However, if buyers regain strength, the expected pullback may not develop as planned.
🔑 Key Level:
Watch the $0.0527 area closely. Continued weakness below this level could support bearish continuation, while a recovery above resistance may weaken the short setup.
⚠️ Risk Note:
The $0.0544 stop loss marks the planned invalidation level. Wait for clear bearish confirmation before entering, and avoid forcing a trade if buyers reclaim resistance. Use disciplined position sizing and be prepared for volatility.
Bearish bias while price remains below resistance and sellers maintain control. 📉
Sell and Trade $CHIP here 👇
DYOR.