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$CHIP (1h) - Oversold Bounce Long
Bias: Long
Entry (Zone): 0.05340 - 0.05390
Targets:
TP1: 0.05490
TP2: 0.05620
TP3: 0.05760
Stop Loss: 0.05230
Why this Setup:
I’m looking for a bounce from this stretched selloff because price is pressing into support after a sharp impulsive drop and the move looks extended on the 1h chart. I want to buy the dip only if it stabilizes in this zone and starts reclaiming the nearby intraday range, with upside into the last reaction levels.
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