$CHIP /USDT — SHORT SETUP


Everyone is chasing relief bounces… but the structure is still leaning heavy.
📍 Entry Zone: 0.05501 – 0.05523
🛑 Stop Loss: 0.05618
🎯 Targets: TP1: 0.05433
TP2: 0.05380
TP3: 0.05301
📊 Why this setup: → 15m RSI at 23.11 = deep oversold, but momentum still fragile
→ Oversold conditions often trigger liquidity grabs before continuation moves
→ 4H bias remains bearish while 1D is still range-bound
→ Price sitting at breakdown reference ~0.05512, acting as decision zone
This is not a clean trend — it’s a liquidity battlefield.
Either we get a quick squeeze above 0.056…
or sellers accelerate into lower liquidity zones near 0.053.
Trap zone active.
#GateSquareMayTradingShare
CHIP-5.26%
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