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Everyone is waiting for a breakout, but $CHIP /USDT is quietly moving within the range—insiders know what will happen next.
$CHIP - LONG
Trading Plan:
Entry: 0.062044 – 0.062226
Stop Loss: 0.061257
Take Profit 1: 0.062793
Take Profit 2: 0.063232
Take Profit 3: 0.063891
Why this setup? #GateSquareMayTradingShare
• The 4-hour trend is confined within the range, but the 15-minute RSI at 42.75 indicates an emerging oversold pressure.
• Entry at 0.062135 is near the range support, with a tight ATR (0.001166) indicating a potential squeeze.
• TP1 at 0.062793 is a quick 1% scalp; TP3 at 0.063891 targets the range resistance.
• Why now? Low confidence (55%) means controlled risk—wait for volume confirmation.
Debate:
Is this a dead cat bounce or the start of a range breakout toward TP3?
Click here for Trading 👇️$CHIP