$CHIP 【CHIP Technical Analysis: Downtrend Continues, Suggesting Short Position Deployment】

1. Technical Structure Assessment

The current price shows clear characteristics of a downtrend:

• Higher highs are gradually decreasing, forming a descending channel structure

• Rebound momentum continues to weaken, indicating insufficient buying strength

• Overall technical structure remains dominated by sellers

2. Key Price Level Analysis

• Key support: 0.0630 (breaking below opens downward space)

• Key resistance: 0.0668 (breaking through will reverse the bearish structure)

• Bull-bear dividing line: 0.0668 as an important reference level

3. Short Selling Trading Plan

Based on the current technical structure, the following short strategy is recommended:

• Entry zone: 0.0635-0.0645 (rebound to resistance area)

• Stop-loss position: 0.0668 (breakthrough may reverse the trend)

• Target prices:

① 0.0610 (first support level)

② 0.0585 (test previous low)

③ 0.0550 (mid-term downside target)

4. Operational Suggestions

• Recommend deploying short positions in batches within the 0.0635-0.0645 zone

• Use a trailing stop-loss strategy, lowering the stop-loss after reaching each target level

• Keep total position size within 3% of account funds

5. Risk Warning

Although the technical outlook is bearish, attention should still be paid to:

• Price may experience technical rebounds

• Overall crypto market sentiment may influence short-term trends

• It is advised to set strict stop-losses to avoid holding onto losing positions$BTC $ETH