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$CHIP (1h) - Bearish Retracement Short
Bias: Short
ntry (Zone): 0.05240 - 0.05310
Targets:
TP1: 0.05100
TP2: 0.04980
TP3: 0.04840
Stop Loss: 0.05420
Why this Setup:
I’m leaning short because the recent bounce is pushing back into a prior supply area after a strong downtrend, and I want to fade weakness if price loses momentum here. The move still looks corrective rather than a full trend reversal, so I’m targeting a rotation back toward the recent lows.E