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$CHIP (1h) - Bearish Retracement
Bias: Short
Entry (Zone): 0.0660 - 0.0672
Targets:
TP1: 0.0635
TP2: 0.0610
TP3: 0.0585
Stop Loss: 0.0708
Why this Setup:
I’m looking for a short after the strong impulse up into the 0.074 area, since price is now losing momentum and pulling back from the local highs. I want to sell a retest near the 0.066 to 0.067 resistance zone, with room for continuation back toward the prior breakout levels if the bounce fails.
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