$CHIP long or short?
so i am looking at the $CHIP chart and price is around 0.07653 right now. it tried to break 0.08637 but failed so it looks like a fakeout for now. with that 75 million token transfer to the exchange we might see a big dump soon if support doesnt hold.
if you want to trade this maybe look for a long entry near 0.06941 which was the 24h low... but only if it bounces there. if it breaks below that then its probably going much lower. for a short trade you could enter if it fails to get back above 0.08000 again 📉
keep your stop loss tight because the volume is crazy today. honestly feels like a gamble until we see what that big wallet does ⚠️ ⚠️
CHIP
0.0709
-1.00%