CHIP/USDT is currently exhibiting a **bearish market structure** on the 4H timeframe, characterized by a series of **Lower Highs (LH)** and **Lower Lows (LL)**. The overall trend direction remains firmly downward as the price trades below both the **MA(7)** (yellow) and **MA(25)** (purple). The MA(25) is acting as a dynamic resistance, keeping the price suppressed. A key support floor has formed around the **$0.05768** level, while the immediate resistance zone sits at **$0.06324**.


### **Execution Strategy**
* **Entry Logic:** High-probability long entry on a successful retest of the **$0.05770** support zone, provided a bullish engulfing candle forms. Alternatively, wait for a breakout and close above the **MA(25) ($0.06350)** to confirm a trend shift.
* **Stop-Loss:** **$0.05650** (tightly placed below the recent swing low to minimize risk).
### **Take Profit Levels**
**TP1:** $0.06320 (Immediate Resistance/MA25)
**TP2:** $0.06840 (Previous Swing High)
**TP3:** $0.07200 (Major Structural Pivot)
**Not Financial Advice. Do Your Own Research.**
$CHIP
CHIP1.06%
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