🔴 Trading Plan Short $CHIP 📉

🎯 Entry Zone: 0.04250 – 0.04300

📌 Wait for 1-2 candle confirmation and support breakdown.

🛑 Stop Loss: 0.04750

(-1.5% buffer above recent spike high)

💰 Take Profit Targets

✅ TP1: 0.04000 (-6.7%)

✅ TP2: 0.03650 (-14.8%)

✅ TP3: 0.03350 (-21.8%)

⚡ Trade Thesis

Price is testing a critical resistance area after an aggressive rebound. If sellers regain control and support breaks, the setup favors a move toward lower liquidity zones where trapped longs may be forced to exit.

🚨 Manage risk carefully and avoid entering before confirmation. Let the market validate the bearish thesis first.

#CHIP #CHIPUSDT #ShortTrade #CryptoTrading #BinanceFutures

CHIPUSDT

Perp

0.03583

-1.67%