The **CHIP/USDT** pair is currently in a corrective phase following a failed expansion. After peaking at **0.07584**, market structure shifted to a bearish bias characterized by **Lower Highs (LH)** and **Lower Lows (LL)**.


Price is currently trading below the **MA(7)** and **MA(99)**, signaling persistent sell-side pressure. While the **MA(25)** (purple line) is attempting to act as dynamic support near **0.06235**, the overall momentum remains heavy. A high-probability spot entry exists on a successful retest of the **0.06140** liquidity zone, provided we see a bullish engulfing candle. A breakdown here targets the **0.05175** structural floor.
**TP1: 0.06810**
**TP2: 0.07200**
**TP3: 0.07580**
**Stop-Loss:** **0.05950** (Close below recent swing low)
Not Financial Advice — Do Your Own Research.
$CHIP
#GateSquareMayTradingShare
CHIP-3.21%
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