$CHIP has pulled back from the 0.1128 rejection zone into the 0.096 area, but price is now stabilizing instead of continuing lower. The current behavior shows absorption of sell pressure around 0.091–0.095, suggesting smart money accumulation after the previous expansion phase.
Despite the correction, no strong breakdown confirmation is visible, and repeated holding of higher lows indicates potential base formation for the next bullish leg.
TRADE SETUP
Entry Zone (Accumulation Buy): 0.0910 – 0.0955
Take Profit 1: 0.1000
Take Profit 2: 0.1060
Take Profit 3: 0.1125
Stop Loss: 0.0880 (invalidates accumulation structure)
Failure to hold 0.0910 would delay accumulation and extend consolidation lower.
Buy now and trade here on $CHIP
CHIP
0.05984
-1.46%