$CHIP (1H) — Breakdown or Reclaim? ⚠️

Intraday support around 0.100–0.102 is already broken.

Current move is not a reclaim yet, it’s a weak bounce into resistance.

Market Structure:

→ Support ➝ Broken

→ Now acting as resistance

→ Price trading below key level (~0.091)

Indicators:

• SAR flipped bearish 📉

• RSI below 50 → weak momentum

• Volume declining → no strong buying

Plan:

🔴 Bearish Scenario (Preferred):

Entry: 0.098 – 0.102 (retest zone)

TP1: 0.088

TP2: 0.071

SL: Above 0.105

🟢 Bullish Invalidation:

Only if price reclaims 0.102 with strong volume

Then upside towards 0.115 – 0.120

Conclusion:

No confirmation of reclaim yet ❌

Still looks like a bearish retest → possible continuation down

Its not a financial advice- dyor before following