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$CHIP | 1h | Oversold Bounce
Bias: Long
Entry Zone: 0.0528 to 0.0534
Stop Loss: 0.0519
Targets:
TP1: 0.0543
TP2: 0.0556
TP3: 0.0570
Invalidation:
Close below 0.0519
Why This Setup:
I’m watching CHIP after a sharp selloff into a prior support area, where the downside move looks extended and likely to cool off. If price reclaims 0.0534 and holds, I see a bounce back toward the nearby resistance bands and the last breakdown area.
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