$CHIP – High Volatility Long Liquidation

Longs are being flushed out after an aggressive move, signaling potential cooling phase or reversal.

Trading Idea – Short Bias (High Risk)

$CHIP

Entry: 0.110 – 0.113

Stop Loss: 0.122

Take Profit Targets:

TP1: 0.102

TP2: 0.095

TP3: 0.085

Market Read

Overheated move

Longs liquidated

High volatility risk

Trade with risk management. Not financial advice

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