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$CHIP $CHIPUSDT (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.05790 - 0.05820
Targets:
TP1: 0.05720
TP2: 0.05660
TP3: 0.05590
Stop Loss: 0.05885
Why this Setup:
I’m watching for a failed reclaim of the recent 1h range after the sharp selloff, since price is still showing lower-high structure and rallies are getting sold into. I want to fade strength near resistance for continuation back into the downside shelf, with room for a push toward the prior lows if momentum stays weak.
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