$CHIP SHORT SETUP TESTS LIQUIDITY ⚠️

Entry: 0.05501 – 0.05523 🔻

Target: 0.05433 / 0.05380 / 0.05301 ✅

Stop Loss: 0.05618 🛑

$CHIP is trading into a short-side setup as 15m RSI sits near capitulation territory at 23.11. The 4h structure remains biased lower, while the daily range suggests this is a breakdown trade, not a trend expansion yet. If 0.05512 continues to act as resistance, downside liquidity toward TP1 may come quickly. A reclaim toward 0.056 would weaken the short thesis.

Not financial advice. Manage your risk.

#CryptoTrading #Altcoins #BinanceSquare #TechnicalAnalysi #TradingPlan

⚡

CHIP
CHIPUSDT
0.05137
-5.74%