🚨 $CHIP Short Strategy: The Sniper Strike
Retail is buying the dip, but we are fading the "hope." The rejection at local resistance is confirmed. We are sniping the breakdown.
Entry Zone: 0.106 – 0.112 (Enter on the retest of the breakdown)
Target 1 (TP1): 0.090 (Initial liquidity pool)
Target 2 (TP2): 0.065 (Structural support)
Target 3 (TP3): 0.040 (Major demand reset)
Stop Loss (SL): 0.134 (Invalidation above the recent swing high)
Trade Logic:
The asset is showing clear exhaustion after a +27% pump. The 24h high at 0.14069 acted as a hard ceiling. By entering in the 0.106-0.112 range, we are positioning ourselves with a high RR (Risk-to-Reward) ratio, betting on the breakdown of the current bearish flag. If 0.134 breaks, the thesis is void, but until then, the path of least resistance is down.
#CHIP #ShortSqueeze #TalhaSniper #BinanceSquare #cryptosignals
