$CHIP is showing signs of short-term exhaustion after a parabolic expansion, with price consolidating near local highs and struggling to sustain breakout momentum — indicating a potential pullback phase.

Trading Plan SHORT: $CHIP /USDT

Entry: 0.0600 – 0.0630

Stop-Loss: 0.0695

Targets:

TP1: 0.0480

TP2: 0.0380

TP3: 0.0280

Price structure reflects a sharp impulsive move followed by weak continuation, which typically leads to corrective retracements. The current range shows lower highs forming on smaller timeframes, suggesting fading buyer strength. Momentum has shifted from expansion to consolidation, with sellers gradually stepping in near resistance. Given the extended move and lack of sustained breakout, probability favors a downside pullback before any meaningful continuation.

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CHIPUSDT

Perp

0.05979

-1.10%