$CHIP /USDT — RESISTANCE REJECTION SHORT (1H / 4H)

Market Context:

Price is stalling near a key resistance zone after an impulsive move, with early signs of weakness and fading upside momentum.

Trade Setup: Short

Entry:

0.06209 – 0.06300

Stop Loss:

0.06528

Take Profit:

🎯 TP1: 0.05981

🎯 TP2: 0.05890

🎯 TP3: 0.05708

Key Idea:

Resistance zone rejection in play

Momentum fading after range test

Sellers showing control at upper levels

Key Level:

Break above 0.06528 = invalidation

Failure to reclaim resistance = continuation lower