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$CHIP $CHIPUSDT (1h) - Trend Reversal Short
Bias: Short
Entry (Zone): 0.05300 - 0.05335
Targets:
TP1: 0.05190
TP2: 0.05080
TP3: 0.04960
Stop Loss: 0.05415
Why this Setup:
I’m leaning short into this sharp 1h bounce because price has run straight into nearby resistance after a steep selloff. I want a rejection from the 0.0530 area for a move back into the prior breakdown zone, with downside likely to resume if momentum fades.