🔥 CHIP Coin Analysis
⚠️ This coin is considered off-limits, and this is just an analysis, not financial advice.
I've been tracking this coin since it was listed, and thankfully, it has been respecting the analysis clearly so far.
📊 Market Structure
The price is moving within a sideways channel (Range)
There was a spring / false breakout
The coin is forming a Wyckoff pattern — Redistribution
⬇️ Bearish Condition
Break and close below 0.71
🎯 Targets:
First target: 0.64
⚡ Overview
The current structure indicates weakness after the false breakout, and it seems that liquidity was pulled before continuing to drop.
❗ Alert:
The coin is off-limits, and futures trading is also prohibited.
This analysis is for educational purposes only and is not an invitation to enter.
And God knows best
$CHIP
⚠️ This coin is considered off-limits, and this is just an analysis, not financial advice.
I've been tracking this coin since it was listed, and thankfully, it has been respecting the analysis clearly so far.
📊 Market Structure
The price is moving within a sideways channel (Range)
There was a spring / false breakout
The coin is forming a Wyckoff pattern — Redistribution
⬇️ Bearish Condition
Break and close below 0.71
🎯 Targets:
First target: 0.64
⚡ Overview
The current structure indicates weakness after the false breakout, and it seems that liquidity was pulled before continuing to drop.
❗ Alert:
The coin is off-limits, and futures trading is also prohibited.
This analysis is for educational purposes only and is not an invitation to enter.
And God knows best
$CHIP