$CHIP — Breakdown after rejection, sellers stepping in

SHORT $CHIP

Entry: 0.099 – 0.105

Targets: 0.095 | 0.092 | 0.090

Stop Loss: 0.113

Why: Price rejected hard from the highs and has broken down through support. Selling pressure is increasing with volume picking up on the down moves. Buyers tried to hold but failed, and now lower highs are forming. Stop is placed above the broken support now acting as resistance. Targets align with previous lows and support zones below.

Trade $CHIP here 👇

CHIPUSDT

Perp

0.06231

-7.40%