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$CHIP $CHIPUSDT (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.0549 - 0.0553
Targets:
TP1: 0.0540
TP2: 0.0534
TP3: 0.0528
Stop Loss: 0.0558
Why this Setup:
I see CHIP still struggling to reclaim the 0.055 area after a sharp selloff, so I want to fade any weak bounce into resistance. The recent structure is making lower highs, and I’m looking for continuation back toward the prior lows if buyers can’t hold the rebound.
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