#CHIP /USDT Trading Plan (Long)
$CHIP is currently showing signs of stability after defending its support zone following a liquidity grab below recent range lows. Price action suggests that selling pressure was absorbed near demand, with downside momentum failing to continue and structure remaining intact.
CHIP
0.03539
-7.08%
Entry Zone: 0.0390 – 0.0396
Stop Loss: 0.0364
Take Profit Targets:
TP1: 0.0418
TP2: 0.0437
TP3: 0.0470
Recent market behavior indicates aggressive selling was met with absorption, and declining open interest during the pullback suggests weak positions may have been flushed out. With liquidity sitting above nearby supply zones, a successful reclaim could trigger a short squeeze toward higher levels if momentum continues.
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