$CHIP — Market Just Flushed Weak Hands
$CHIP just printed multiple long liquidations around the $0.102–0.101 zone, which clearly shows late longs got wiped and liquidity got taken. This kind of move usually cleans the chart short-term. Right now, $0.100 is acting as a psychological support, and if it holds, we can see a bounce toward $0.108–0.112 as the first recovery zone. Resistance sits near $0.115 where sellers may step back in. If price loses $0.100 cleanly, next downside could extend toward $0.094. A cautious long can be considered near support with a stoploss below $0.098, targeting a relief move. Next move depends on whether buyers defend this liquidity sweep or not