TF: 15m / 1h
Side: Short
Entry: 0.0560 - 0.0585
TP: 0.0420 | 0.0350 | 0.0220
SL: 0.0665
Why are we looking at this?
CHIPUSDT
Perp
0.07054
-20.28%
We just saw a massive vertical move on $CHIP but as the saying goes: "What goes up must come down." Looking at the 15-minute chart, the price is struggling to stay above the recent consolidation level.
Rejection at Resistance: It tried to push past $0.068 but got rejected hard.
Supertrend Flip: The Supertrend is starting to signal a downward shift (red zone).
Volume Exhaustion: Buying volume is drying up, suggesting the "pump" phase is over and the "dump" or correction phase is beginning.
Pro Tip: This is a high-volatility DeFi token. Don't go all-in; use proper risk management and keep your leverage low. Let's catch the slide! 📉🚀