🚨 $CHIP USDT — Rejection at Resistance, Bearish Setup 📉

This chart clearly shows a failed push near resistance — your marked zone also hints at a potential downside move 👀

💡 What’s happening?

• Price rejected near 0.115 – 0.120 resistance 🔻
• Lower high formation → bearish structure building
• MACD flattening → momentum weakening
• RSI around mid-zone → room for downside

⚡ Trade Setup (Short Idea):

🔻 Entry: 0.113 – 0.116

🎯 Take Profit:
• TP1: 0.105
• TP2: 0.095
• TP3: 0.085

🛑 Stop Loss: 0.121

📊 Market Insight:

This looks like a range rejection + liquidity grab, often followed by a move to downside liquidity (your arrow zone 👇 makes sense).

$CHIP

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