$CHIP facing resistance, will it break down? 🐻

Given the current chart structure, if $CHIP fails to break above the SMA25, it may head towards the support level at 0.0291, providing a potential short opportunity.

Technical check:

✅ Close below SMA7 and SMA25, ✅ Rising volume over the last 5 bars, ✅ Chart bias score favors the short side

⚠️ A break above the SMA25 could invalidate the short scenario, leading to a potential reversal

Will $CHIP break down to the support level or reverse upwards? 🤔

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