Looking at CHIP/USDT, I’m thinking there might be a short opportunity around the 0.083 zone. Price just pushed up pretty strong into that area and it looks like a liquidity to me.

I’m planning something like this:

* Short entry: around 0.083

* Stop loss: 0.0865 (just above the highs, in case of a liquidity sweep)

* Take profit: 0.071

The idea is simple… price runs up, grabs liquidity above the highs then drops back down. RR looks decent too if it plays out.

But one thing — momentum is still bullish right now. So if price keeps pushing, this setup can easily get invalidated. I wouldn’t just blindly short. Better to wait for some kind of rejection or structure shift before entering.

What do you think? Would you take this or wait for confirmation? #chipusdt

CHIP
CHIPUSDT
0.06314
-10.59%
Bullish
0%
Bearish
0%
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