$CHIP /USDT BEARISH SHORT-TERM CORRECTION EXPECTED

Price action shows rejection from the upper supply zone near recent highs, followed by weakening momentum and a pullback toward mid-range support. Market structure suggests distribution after an extended rally, with risk of continuation to the downside if key support levels fail to hold.

SHORT TRADE SETUP:

ENTRY: • Aggressive: Sell in resistance zone 0.0768 - 0.0784

• Confirmation: Breakdown below 0.0738 support

TARGETS (TP): • TP1: 0.0730

• TP2: 0.0694

• TP3: 0.0659

STOP LOSS (SL): • Above 0.0829 (invalidation of bearish structure)

RISK MANAGEMENT: Risk only 1–2% per trade, avoid revenge trading in volatility, and secure partial profits at TP1 to reduce exposure.

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