$CHIP Short 50x – Bearish setup triggered from this zone.
CHIP faced a clean rejection at 0.07363–0.07505. I entered Short 50x Isolated.
Trade Plan:
- Entry: 0.07363 – 0.07505
- TP1: 0.07009 (R:R 1:1.0)
- TP2: 0.06868 (R:R 1:1.3)
- TP3: 0.06585 (R:R 1:2.0)
- SL: 0.07859
Why this setup?
- The 4h short setup remains active, with daily price still range-bound as it reacts from 0.07363–0.07505 near 0.07434.
- 15m RSI sits at 44, leaving room for sellers to push lower.
- 15m volume is at 0.16x, with 3.52M traded vs 21.53M expected, confirming real sell-side pressure.
My call. Your execution.
Trade here 👇 and Drop your entry if you're in this trade, and I'll reply.