$CHIP Breakout Structure Signals Further Upside Potential 🚀
Trade Setup: Long
Entry Zone: 0.0323 – 0.0329
TP1: 0.0356
TP2: 0.0375
TP3: 0.0400
SL: 0.0303
$CHIP has successfully reversed from its recent bottoming structure and is now breaking above a key consolidation range. The series of higher lows followed by a strong bullish breakout indicates momentum is shifting decisively in favor of buyers.
Price is currently trading above the previous resistance zone, which is now acting as support. The breakout candle shows increasing buying pressure, and as long as the 0.0318–0.0320 area remains defended, the path of least resistance remains higher.
The current market structure resembles an accumulation-to-expansion transition, often seen before stronger trending moves. A sustained hold above current levels could open the door for a push toward the 0.0360 area and potentially higher liquidity targets near 0.0400.
Risk remains controlled below 0.0303, while the overall setup continues to favor bullish continuation.
Trade Here On $CHIP 👇