$CHIP holds support as a bounce base tightens ๐
$CHIP is defending the 0.0660โ0.0685 support band after a controlled pullback that has not yet produced a decisive breakdown. The structure is shifting into a higher-low formation, and the tape is compressing near the lower end of the range, where prior supply appears to be getting absorbed rather than rejected.
What matters here is the quality of the bid, not the size of the move. Retail often focuses on the visible resistance stack, but the more relevant signal is the liquidity behavior beneath price: this looks like a sweep into support followed by supply absorption from stronger hands. If that rotation persists, the trade is set up for a reflexive move back toward 0.0700, with 0.0720 and 0.0750 becoming the next liquidity pockets. A break below 0.0640 would invalidate the structure and shift the tape back into distribution.
Entry: 0.0660โ0.0685 ๐ฅ
Target: 0.0700 ๐
Target: 0.0720 ๐
Target: 0.0750 โ
Stop Loss: 0.0640 ๐
Not financial advice. Crypto markets are volatile, and price levels can fail without warning.
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