$CHIP is on fire. Follow my instructions to get profit
🔻 1. Sharp dump = strong selling pressure
That vertical drop at the end is a panic sell / liquidity flush.
Price didn’t gradually pull back — it collapsed, which usually means:
Large holders selling
Weak support below
📉 2. Price below MA (MA60)
The moving average (MA60 ~ 0.105) is above current price (~0.101)
That means trend = bearish
Buying against the trend is risky unless you’re catching a bounce (which isn’t confirmed yet)
📊 3. Volume spike on red candles
Big red volume at the drop = real selling, not just noise
No clear sign of buyers stepping in yet
⚖️ 4. Order book imbalance
~83% sell pressure vs ~16% buy
That’s heavy dominance of sellers
🧠 What this means
Right now, this looks like:
Breakdown phase, not accumulation
No confirmed suppor
No reversal signal yet
✅ When it could become a buy
You want to wait for confirmation, not guess the bottom:
Look for at least ONE of these:
Price stabilizes and moves sideways (base formation)
A strong green candle with high volume
Price reclaims 0.104–0.105 area (MA zone)
Higher lows forming on lower timeframes
⚠️ If you still want to enter
Don’t go all in. Safer approach:
Buy small partial position (10–20%)
Keep funds to average lower
Set a mental stop if it drops below ~0.098–0.099
💬 Honest take
Trying to buy right after a sharp drop like this is basically trying to catch a falling knife. Sometimes it works—but more often it keeps falling.
If you want, tell me your:
Entry budget
Risk tolerance (low / medium / high)
Timeframe (scalp / swing / hold)
I can give you a much clearer entry strategy instead of guessing 👍
NOTE : DYOR
Above explained analysis are my own effort. This is not financial advice. Please do your own research before investment.