Trading $CHIP : The Hedge Play 🛡️
Checking the charts on CHIP/USDT and it’s looking spicy! 🌶️
I’m currently running a hedged position, leaning slightly net-short. Why? The price is pumping, but that RSI is screaming overbought (71+) on the 15m. I’m looking for a quick cooling-off period!
The Game Plan:
• Target: Looking for a pullback toward the $0.108 support zone. 📉
• Risk: If we flip $0.120 into support, the bulls might take us back to $0.140 fast.
• Pro Tip: Keep that margin ratio tight! Volatility is high, so stay sharp. ⚡
Are you betting on a dip or a moon mission? Let me know below! 👇