$CHIP
/USDT BEARISH MOMENTUM EXPECTED FROM KEY RESISTANCE ZONE
Market Structure shows rejection from higher levels with consistent lower highs after a strong distribution phase, indicating weakening bullish momentum and potential continuation to downside. Price action is currently failing to reclaim major resistance zone, suggesting sellers are in control in the short term.
ENTRY (SHORT): 0.0780 – 0.0800
STOP LOSS (SL): 0.0825
TARGETS (TP):
TP1: 0.0700
TP2: 0.0660
TP3: 0.0600
Confirmation for entry comes with rejection from resistance or breakdown below minor support zones on lower timeframe structure.
RISK MANAGEMENT: Risk only 1–2% per trade, avoid overleveraging, and secure partial profits at each target to protect capital.
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