🔥 $CHIP – RETRACE TO PREVIOUS PUMP CANDLE, BEARISH CONTINUATION

🔴 SHORT $CHIP Setup

Entry: 0.0766
Take Profit: 0.0700 → 0.0650 → 0.0600
Stop Loss: 0.0820

Price has retraced back to the body of the previous strong green candle (around 0.06 level) after a massive parabolic pump and sharp rejection. This is a classic distribution & pullback zone.

RSI is at 26.88 (approaching oversold), but the overall structure remains weak with lower highs. Heavy selling pressure is still dominant.

High probability of continuation lower once this retrace fails.

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