$CHIP is sitting at a decisive zone right now after facing a massive rejection from 0.06967 on the 4H chart. The sharp sell-off pushed price back toward the 0.04528 support area, where buyers are now attempting to build a reversal base.
Setup:
• Entry: 0.0470 – 0.0490
• Target 1: 0.0535
• Target 2: 0.0590
• Target 3: 0.0660
• Stop-loss: 0.0432
The important part here is the reaction near support. If bulls defend this zone properly, CHIP could start a strong recovery move. But losing 0.04528 would likely open the door for another wave of downside pressure.
Trade #chip here
CHIP
0.03908
-0.98%