$CHIP /USDT Short Setup (Reversal Play)

Bias: Bearish pullback after overextension

📉 Trade Plan (Safer Entry)

Entry: $0.0590 – $0.0620

Stop Loss: $0.0665

🎯 Take Profits

TP1: $0.0550

TP2: $0.0500

TP3: $0.0450

TP4: $0.0400

TP5: $0.0350

Trade here 👇 $CHIP

⚡ Aggressive Entry (Breakdown)

Entry: Below $0.0545 (support loss)

Stop Loss: $0.0585

🧠 Why This Setup

Parabolic move → unsustainable

Likely liquidity grab near highs ($0.065 area)

Early signs of rejection near top

Profit-taking phase expected

⚠️ Risk Warning

Strong hype coins can keep squeezing shorts

Wait for rejection / lower high on lower TF

Don’t overleverage — volatility is extreme

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