$CHIP /USDT is currently showing clear bearish pressure.

📊 Current situation

Price: 0.06947

24h change: -10.87% (strong drop)

Range:

High: 0.07963

Low: 0.06590You are sitting in the lower half of the range, near support.📉 Market structure

Trend: short-term downtrend

Price failed to hold above 0.071–0.073 zone

Now retesting the 0.066–0.069 support area🧠 Key levels

Strong support: 0.065–0.066

Weak support (current): 0.069

Resistance 1: 0.071–0.073

Resistance 2: 0.079+ (major breakout level)⚠️ Long setup (important)

Going LONG here is only reasonable if:

Price holds 0.065–0.066 support

You see a clear reversal (higher low + reclaim 0.071)

Otherwise:

This is still a falling knife zone

Buying here without confirmation = higher risk of another dump

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