After the initial hype and strong push, $CHIP is now clearly showing a cool-down phase on the 15m timeframe.
What’s happening right now:
🔻 Consistent Downtrend
Price is making lower highs and lower lows — showing short-term bearish pressure
📉 Weak Momentum
Each bounce is getting weaker, indicating buyers are not stepping in strongly
🛑 Support Area
Price recently touched around $0.068–0.070 zone — this is a key area to watch
What to expect next:
🟡 Scenario 1 (Bounce)
If price holds this support → we could see a short-term relief move
🔴 Scenario 2 (Breakdown)
If this zone breaks → further downside continuation is possible
⏳ For now:
Better to stay patient — this is a wait-and-watch zone, not a rush entry
What do you think — bounce from here or more downside? 👇
#CHİP #Crypto #Trading #MarketAnalysis #BinanceSquare
TRADE HERE:
Disclaimer:
This post is for educational purposes only. Always do your own research ⚠️