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December Momentum Continuity Setup
Trade Setup: Long Position
Entry Zone: 0.05880 – 0.05940
TP1: 0.06150
TP2: 0.06400
TP3: 0.06650
SL: 0.05720 $CHIP , after consolidating near support, showing strength and steadily holding above the 0.0590 zone. Price movement is compressed, indicating accumulation for the next potential directional move.
Buyers are still defending the declines, and as long as the price remains above the key support zone, the structure remains slightly bullish.
If $CHIP stays above 0.05880–0.05940, a breakout toward 0.06150–0.06400 is likely, with potential further extension to 0.06650 with momentum expansion. $CHIP