Alert guys… this may be a bear trap on $CHIP .
So just as I told you, $CHIP choosed to break below the structure and now everyone is thinking it’s a clean breakdown… but this is exactly how market traps retail. It takes liquidity below, gives that confirmation feeling, and then reverses.
Right now price is around 0.094–0.095, below the range, but this is not the confirmation this is just the setup.
Now the main thing…
Still I am waiting for it to surpass the last liquidity level around 0.10–0.105.
Once it reclaims that zone, that will be our real confirmation, and that’s where the actual move starts.
This is not the place to rush… this is the place to understand what market is trying to do.
trade $CHIP here
CHIPUSDT
Perp
0.09159
-12.01%