🔻 $CHIP /USDT (15M) — Bearish Rejection Setup

Short-term structure is showing exhaustion after a strong pump — signs of a potential pullback.

📉 Key Observations:

🚀 Strong impulsive move up → now sideways distribution

🚫 Multiple rejections around 0.112 – 0.115 resistance

⚠️ Weak follow-through on highs → buyers losing strength

📊 MACD flattening → momentum fading

🔻 Early signs of lower high formation

🎯 Trade Setup (Scalp Short)

Entry: 0.108 – 0.110

Stop Loss: 0.114

Take Profit Targets:

TP1: 0.104

TP2: 0.100

TP3: 0.095

⚠️ Invalidation:

If price breaks and holds above 0.115, setup flips bullish — possible continuation rally.

💬 Pro Insight:

This looks like a range-top distribution after a pump. Best shorts come on failed breakouts or weak bounces, not in the middle.

Trade here $CHIP

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