$CHIP /USDT is showing post-expansion exhaustion after an aggressive vertical move. Price is consolidating near highs, but momentum is fading — suggesting a potential corrective pullback before any continuation.

Trading Plan SHORT: $CHIP

Entry: 0.059 – 0.062

Stop-Loss: 0.066

Targets:

TP1: 0.052

TP2: 0.045

TP3: 0.038

The structure remains extended after a parabolic rally, with clear signs of weakening upside pressure. Buyers pushed aggressively, but follow-through is slowing and candles are compressing near resistance. This kind of behavior often leads to liquidity sweeps followed by downside rebalancing. Sellers are beginning to step in around the highs, and probability favors a short-term pullback to reclaim inefficiencies left during the impulsive move.

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CHIPUSDT

Perp

0.06232

-1.59%