🔴 $CHIP
— Short Setup | My Personal Trade Plan 🎯
$CHIP | Perp Futures | Current Price: $0.0931
⚠️ Read This First
I'm going to be honest with you all.
This is NOT a coin I would hold long term.
CHIP pumped 5x in days from $0.028 to $0.14 with basically zero history before that. That's not organic. That's a coordinated pump. 🚩
Smart money already made their exit.
Now they need your money to fully get out.
Here's how to not be their exit liquidity. 👇
🧠 Why I'm Bearish — SMC Breakdown
Structure 📐
1H and 15m both printing Lower Highs + Lower Lows
No CHoCH to upside yet = downtrend still fully valid
4H showing clear distribution from $0.14 top
Liquidity 💧
Sell side liquidity sitting below $0.088
That liquidity has not been fully swept yet
Price is being held up artificially right now
Once that support breaks — free fall begins 📉
Volume 📊
Volume massively declining after the pump
Bounces happening on low volume = weak buyers
Sellers still in control on every timeframe
Order Blocks 📦
Strong bearish OB sitting at $0.097 — $0.107
Every time price touches that zone = rejection
No bullish OB strong enough to hold price up
Order Blocks 📦
Strong bearish OB sitting at $0.097 — $0.107
Every time price touches that zone = rejection
No bullish OB strong enough to hold price up
The Ugly Truth 💀
7 day, 30 day, 90 day performance = all dashes
This coin is brand new
No real support levels below current price
If $0.088 breaks — next real support is $0.028 origin
📐 The Double Top Scenario First
Before the big dump — price may do this 👇
Current: $0.093
↓
Push up to $0.120 — $0.135 🚀
↓
Fake breakout attempt near $0.14
↓
Strong rejection — Double Top forms 🔔
↓
Break below $0.088 support 💥
↓
Dump to $0.055 → $0.035 📉
This is the smart money playbook. Classic. 😏
🔴 MY SHORT SETUP — Two Entries
Entry 1 — Aggressive Short (Now) ⚡
For those who want in immediately
Entry$0.093 — $0.096Stop Loss$0.105TP1$0.088 🎯TP2$0.075 🎯TP3$0.055