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🧵 $CHIP Long strategy | Support at the daily breakout point, light position entry
Current price 0.0640, has reached the previous daily breakout point. The 1-hour chart has formed a double bottom structure, and the 4-hour chart also shows an early bottom pattern.
📌 Trading plan
· Aggressive: Enter directly at current price 0.0640
· Conservative: Wait for a pullback near 0.0630 before entering
· Stop loss: 0.061
· Position size: Light
📌 Take profit levels (partial)
· TP1: 0.0675
· TP2: 0.072
· TP3: 0.077
📌 Core logic
Daily breakout support + 1-hour double bottom, risk-reward ratio is decent. Light long attempt, strict stop loss