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$CHIP 4H Setup — momentum fading
CHIP is trading around 0.0596 after a strong run-up followed by selling pressure.
Price is losing momentum and forming lower highs, suggesting short-term weakness.
-13% recent move
+10% to +18% bounce potential
-7% to -12% downside risk
Trading Signal:
Entry Zone: 0.056 – 0.060
Take Profit:
TP1: 0.065
TP2: 0.072
TP3: 0.080
Stop Loss: 0.052
Key Levels:
Support: 0.056 – 0.052
Resistance: 0.065 – 0.080
Market Insight:
CHIP is cooling down. A bounce is possible, but trend confirmation requires reclaiming resistance.
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