Indeed $CHIP held like a nice boy but $BTC rugpulled again😂
AJH Market Analyst
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Bearish
📈 $CHIP : WATCH OUT FOR THE DEAD CAT BOUNCE 📉 The asset shows a classic "Dead Cat Bounce" structure after losing its main support. The lack of absorption by the strong hands and a Long/Short ratio heavily skewed towards buy positions increase the odds of a new bearish leg. 📉
⚙️ ENTRY PARAMETERS $CHIP Entry Zone: $0.0725 - $0.0760 Stop Loss (SL): $0.0880 🚩 Take Profit 1 (TP1): $0.0550 Take Profit 2 (TP2): $0.0420 🎯
📑 WHY THE TECHNICAL SETUP We observe systematic rejection at dynamic resistance levels after losing Open Interest in high zones. The market sentiment remains excessively optimistic (majority in Long), which historically precedes liquidation cascades. The weakness in buying volume suggests that the current support is temporary and the market will seek liquidity at lower levels. 🔍 Why follow me? 🤝 Analysis based on order flow and market sentiment. We avoid liquidity traps to trade with the macro trend. Support this content with a "Like" and follow me for more market updates. 👍 Disclaimer: Educational content. Risk management is mandatory. ⚠️