$CHIP is showing signs of an overheated breakout
Short $CHIP
Entry: 0.045 - 0.055
SL: 0.065
TP1: 0.0400
TP2: 0.0375
TP3: 0.0350
TP4: 0.0320
Why:
CHIP has just printed a near-vertical breakout with RSI above 80, which often signals an overextended move in the short term. Volume has surged aggressively, suggesting a possible exhaustion phase as late buyers chase the move. If 0.0435 resistance holds, a pullback toward the moving averages becomes increasingly likely.
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Trade $CHIP here 👇
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Short $CHIP
Entry: 0.045 - 0.055
SL: 0.065
TP1: 0.0400
TP2: 0.0375
TP3: 0.0350
TP4: 0.0320
Why:
CHIP has just printed a near-vertical breakout with RSI above 80, which often signals an overextended move in the short term. Volume has surged aggressively, suggesting a possible exhaustion phase as late buyers chase the move. If 0.0435 resistance holds, a pullback toward the moving averages becomes increasingly likely.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $CHIP here 👇
Trade smart. DYOR.