The CHIP/USDT 4H chart shows a heavy bearish structure. After the massive April pump, price is now printing lower highs and lower lows. Weโ€™ve slipped below both the 7 and 25-period Moving Averages, which are now acting as dynamic resistance. However, price is approaching a historical demand zone near $0.066. Iโ€™m looking for a "bottom-fishing" scalp if the bulls can hold this 24h low.


**Spot Entry Logic:**
Buy near $0.068 - $0.069. Looking for a relief bounce as the RSI cools off near local support. Tight stop-loss is mandatory given the downward momentum.
* **TP 1:** $0.073 (MA 25 Resistance)
* **TP 2:** $0.078 (Previous Swing High)
* **TP 3:** $0.085 (Major Liquidity Gap)
**SL:** $0.065 (Below recent 4H low)
*NFA. Crypto markets are highly volatile. Always manage your risk.*
CHIP-6.99%
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NexaCrypto
ยท 4h ago
LFG ๐Ÿ”ฅ
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