CHIPUSDT - SHORT 🔴

Entry: 0.07837 – 0.08071

SL: 0.09082

TP: 0.07108 / 0.06544 / 0.05698

📉 Analysis:

Trend remains bearish with price trading below key MAs and forming consistent lower highs. Sellers are still in control, but current price is sitting near short-term support (~0.078), so chasing here carries lower R:R.

🔻 OBV declining → signs of distribution

🔻 Weak momentum → bounce or consolidation likely before next leg down

🔻 Better entries on pullbacks into 0.080–0.083 resistance zone

⚠️ Breakdown below 0.078 can accelerate downside, but expect volatility.

❌ Invalidation on strong reclaim above 0.090 with volume

$CHIP

CHIPUSDT

Perp

0.07238

-20.20%

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