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$CHIP Bearish Range Rejection Setup
Trade Setup: Short
Entry zone: 0.0595 – 0.0608
Tp1: 0.0585
Tp2: 0.0575
Tp3: 0.0565
SL: 0.0618
Price is facing resistance after a mild push up, showing hesitation with weakening bullish momentum. Sellers are beginning to step in as structure softens.
If CHIP stays below 0.0608, continuation toward the 0.0585–0.0565 support zone is likely as downside pressure builds.