$CHIP /USDT TECHNICAL ANALYSIS BEARISH PRESSURE AFTER FAILED BREAKOUT

CHIP/USDT is showing weakness after failing to sustain momentum near the upper resistance zone. Price action indicates rejection from higher levels with a gradual shift toward lower highs, suggesting bearish pressure is building as buyers lose control near resistance.

Short Entry: 0.1080 – 0.1120

TP1: 0.1024

TP2: 0.0965

TP3: 0.0903

SL: 0.1201 (above key resistance zone)

A breakdown below 0.1024 can accelerate downside momentum toward deeper support levels, while reclaiming 0.1140 would invalidate bearish structure and trigger recovery attempts.

Risk Management: Use strict stop-loss discipline, avoid overexposure in volatile moves, and book profits progressively at support zones.

#CHIP #USDT #CryptoTA #AltcoinAnalysis #TechnicalTrading $CHIP

CHIP
CHIPUSDT
0.07226
-16.36%