$CHIP is losing steam where the whales want it 🐋

Entry: 550 🔻

Target: 520 📉

Stop Loss: 677 ⚠️

The H4 tape still looks heavy. L/S dropping to 0.46 and whales flipping short tells you the move is no longer being defended the same way. Price keeps testing 550 while volume stays elevated but upside can’t follow through, which is often how distribution starts to show itself. If 550 gives way, liquidity below looks exposed fast. Still, don’t ignore the chance of one more squeeze to hunt late shorts before it resolves lower.

Not financial advice. Manage your risk and protect your capital.

#Crypto #Altcoins #Trading #WhaleWatch #ShortSetup 🧠

CHIP
CHIPUSDT
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