$CHIP | 1H | Bearish Continuation Setup


Bias: Short
Entry Zone: 0.04790 to 0.04815
Stop Loss: 0.04872
Targets:
TP1: 0.04720
TP2: 0.04670
TP3: 0.04600
Invalidation:
Close above 0.04872
Why This Setup:
I’m seeing a clean intraday downtrend with lower highs and failed bounce attempts into resistance. Price is still trading below the recent breakdown area, so I’m looking for a rejection or weak retest before continuation lower.

#GateSquareMayTradingShare
CHIP-1.18%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned