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$CHIP | 1H | Retest Short
Bias: Short
Entry Zone: 0.05220 to 0.05290
Stop Loss: 0.05420
Targets:
TP1: 0.05080
TP2: 0.04960
TP3: 0.04820
Invalidation:
Close above 0.05420
Why This Setup:
I see a strong intraday downtrend with a sharp relief bounce into prior resistance near 0.053. I want a short on a failed retest as long as price stays below the recent swing high and momentum starts to roll over.
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