$CHIP Bullish base forming after heavy correction

I'm seeing a clear reason behind this move

Price had a massive run from 0.01 to 0.14, then slowly cooled off. That wasn’t a crash, it was distribution and profit taking. Now it’s sitting around 0.07 and starting to stabilize

That tells me the hype phase is over and accumulation is starting

What I'm seeing

Strong initial impulse followed by controlled downtrend

Selling pressure slowing down near 0.065 to 0.07 zone

Small candles and tight range showing accumulation

Higher lows starting to appear on lower timeframe

Liquidity still sitting above 0.086 and 0.10

Full Trade Setup

Entry 0.072 to 0.076

I'm entering in this accumulation zone where price is holding

Target 1 0.086

Target 2 0.10

Target 3 0.12

Stop Loss 0.064

How it's possible

I'm looking at a classic cycle

Big pump attracts attention

Early buyers take profits

Price slowly trends down while weak hands exit

Smart money accumulates in silence

Once supply dries up price expands again

When volatility drops and price starts moving sideways after a downtrend, it usually means accumulation

That’s where the next move builds from

Final thought

I'm watching for a clean push above 0.08

If that breaks we get momentum back

This is a quiet accumulation phase before expansion

I'm leaning bullish here

Let’s go and trade now $CHIP