CHIP is breaking down through key market structure, setting up a short opportunity. This zone matters because it's a confluent area of previous order blocks and fair value gaps.

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🔴 CHIP SHORT 📉

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📍 Entry Range: $0.034545 – $0.034615

🛑 Stop Loss: $0.035617 (-3.0%)

🎯 TP1: $0.034061 (+1.5%)

🏆 TP2: $0.032851 (+5.0%)

⚡ R/R Ratio: 1:1.7

📊 Confidence: 91%

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The CHoCH signal fired as we broke down from the range, and CVD is confirming the direction with increasing volume on the sell side. FVG is also playing a role here, as we're seeing a gap in fair value that price is likely to fill, and the overlap of OB and FVG is creating a strong POI confluence.

With a 3.0% stop loss, this setup is relatively tight, so it's best suited for lower leverage to manage risk effectively.

Consider taking partial profit at TP1 to lock in some gains and ride the rest, as this short could have legs if we continue to see selling pressure.

Not financial advice — always manage your own risk 🙏

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