Everyone’s chasing longs on $CHIP /USDT while the 15m RSI screams capitulation at 23.
$CHIP - SHORT
Trade Plan:
Entry: 0.05501 – 0.05523
SL: 0.05618
TP1: 0.05433
TP2: 0.05380
TP3: 0.05301
Why this setup?
RSI is oversold at 23.11 on the 15m—a classic setup for a dead cat bounce or a liquidity grab. The 4h bias is short, but the 1D trend is range, meaning the current entry at 0.05512 is playing the breakdown, not the breakout. If price respects the 0.05512 ref, expect a fast move to TP1 (0.05433) before any real recovery.
Debate:
Is this a trap to shake out late shorts before a squeeze to 0.056, or the start of a dump to 0.053?
CHIPUSDT
دائم
0.05016
-8.55%