$CHIP is showing a potential recovery setup after an extended downtrend on the 15m chart.

Price bounced strongly from the local bottom and is starting to print higher lows with bullish momentum building.

Bias: Long

Entry: 0.0541 - 0.0543

SL: 0.0528

TP1: 0.0555

TP2: 0.0570

TP3: 0.0590

If price stays above 0.0538, the rebound structure remains valid.

Break above 0.0550 could trigger a stronger continuation move toward the upper resistance zone.

CHIP
CHIPUSDT
0.04991
-7.79%