$CHIP USDT — Weakening Rally, Short Bias ⚠️
🔴 SHORT
Timeframe: 1H
Entry Zone:
$0.0755 – $0.0780 (short on a confirmed rejection inside this band)
🎯 TP1: $0.0665
🎯 TP2: $0.0580
🎯 TP3: $0.0500
🛑 SL: $0.0805
Why this setup?
Recent up-move formed a tall wick at the peak and price is drifting lower with declining momentum and rising volume on sell bars — indicating the advance may be losing steam. A clear failure to reclaim the entry band would favor a quick pullback toward the target levels.
Debate:
Will buyers defend and resume the climb, or will sellers intensify and push price back down toward support? 👀
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CHIPUSDT
Perp
0.06984
-4.04%
PIPPINUSDT
Perp
0.02637
-10.24%
BSBUSDT
Perp
0.83549
+1.85%