🗣️Time To Short
$CHIP /USDT🩸
Entry Range: $0.11100 – $0.11500 (Wait for a rejection on the 15m or 1h candle before entering).
Leverage: Isolated 3x - 5x (Keep it low as this coin is highly volatile).
🎯 Take Profit (TP) Targets
Target 1: $0.1010 (Immediate support)
Target 2: $0.0850 (Mid-range consolidation)
Target 3: $0.0680 (Major psychological support)
🛡️ Stop Loss (SL)
Stop Loss: $0.12400 (Place this slightly above the 24h High of 0.11924 to protect against a sudden breakout).
⚠️ Important Analysis Notes
Bearish Rejection: The red arrow you drew indicates a potential reversal. The long "wick" on the recent candles suggests that sellers are stepping in at the top.
Overbought Conditions: After an 81% move, a "retracement" or correction is very common as early buyers start taking their profits.
Risk Warning: "Gainer" coins like CHIP can be extremely unpredictable. Only trade with money you can afford to lose and move your Stop Loss to the entry point once you are in profit.
Are you planning to hold this trade for a few hours (Scalping) or a few days (Swing)
Trade Here Short 👇👇
#chip #short #MarketRebound #StrategyBTCPurchase #HASNAINNADEEM786 $TRADOOR
$SPK