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$CHIP (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.0324 - 0.0330
Targets:
TP1: 0.0312
TP2: 0.0302
TP3: 0.0292
Stop Loss: 0.0342
Why this Setup:
I’m looking to short CHIP after the push into resistance failed to hold and momentum started rolling over again. I want to see follow-through below the recent bounce zone before expecting a move back toward the lower support areas.