$CHIP – Four-hour bearish compression positioned ahead of potential daily range resolution

Trade Setup: Short $CHIP

• Entry Zone: 0.093354 – 0.094840

• Target 1: 0.086073

• Target 2: 0.080723

• Target 3: 0.072699

• Stop Loss: 0.104796

Short bias is confirmed at 52% confidence with the 15-minute Relative Strength Index registering 36.58, reflecting lower timeframe oversold conditions while the 4-hour trend has yet to signal any reversal attempt. The entry band remains narrow near 0.094097 with the first objective positioned at 0.086073. The 1-hour Average True Range reading of 0.008529 suggests a breakdown beneath 0.0933 could accelerate downside momentum. The range-bound daily structure creates a compression window where shorts maintain room for continuation before broader directional commitment emerges.

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CHIP
CHIPUSDT
0.09309
-14.38%