$CHIP

Strong push up into 0.0863, followed by sharp rejection. Since then, structure is making lower highs and lower lows → short-term distribution after a spike.

Current behavior: Controlled sell-off, no aggressive bounce

Liquidity: High taken above 0.086 → now moving toward resting liquidity below 0.072

Key zone: 0.071–0.072 (previous low sweep area)

Plan:

Shorts make sense on weak pullbacks toward 0.078–0.080

Targets: 0.072 → 0.070

Invalidation: sustained hold above 0.081

No sign of accumulation yet. It’s still bleeding slowly.