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$CHIP (1h) - Bearish Pullback Short
Bias: Short
Entry (Zone): 0.04805 - 0.04835
Targets:
TP1: 0.04725
TP2: 0.04675
TP3: 0.04610
Stop Loss: 0.04885
Why this Setup:
I’m keeping a short bias because CHIP is still printing lower highs on the 1h and the latest bounce looks like a weak retest into resistance. I want a clean rejection from the 0.048 zone for a move back toward the recent lows, with the broader intraday trend still favoring downside continuation.