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$CHIP (1h) - Bearish Breakdown Setup
Bias: Short
Entry (Zone): 0.0545 - 0.0560
Targets:
TP1: 0.0530
TP2: 0.0515
TP3: 0.0495
Stop Loss: 0.0568
Why this Setup:
I’m looking for continuation lower after the failed bounce and ongoing lower-high structure. If price stays below the recent intraday resistance, I expect another push toward the prior lows and a cleaner breakdown extension.
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