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$CHIP (1H) - Short Rejection
Bias: Short
Entry (Zone): 0.06720 - 0.06785
Targets:
TP1: 0.06610
TP2: 0.06510
TP3: 0.06410
Stop Loss: 0.06905
Why this Setup:
I’m looking for the recent bounce to fail below the local supply zone, since price has already lost momentum after the sharp impulse up and is now stalling near resistance. I want a clean rejection before continuing lower into the prior demand levels.
#GateSquareMayTradingShare