$CHIP – Overextended Rally Hitting Resistance, Correction Imminent
Trading Plan: Short $CHIP
Entry: 0.0412 – 0.0435
9
SL: 0.0465
TP 1: 0.0380
TP 2: 0.0355
TP 3: 0.0335 (Final Target)
Market Analysis:
$CHIP has witnessed a massive vertical spike, but the 4h candle is now showing a long upper wick, indicating heavy selling pressure at the top. The RSI is currently sitting at 71.03, which puts it deep into the overbought territory. Historically, when a move is this .
Trade $CHIP here 👇