$CHIP (1h) - Bearish Breakdown Setup


Bias: Short
Entry (Zone): 0.03520 - 0.03590
Targets:
TP1: 0.03440
TP2: 0.03310
TP3: 0.03100
Stop Loss: 0.03680
Why this Setup:
I see a strong recovery into a clear resistance area, but I still want confirmation that price fails to reclaim the recent highs. I’m looking for a short on rejection from this zone, since the broader structure still leaves room for a pullback toward the prior support levels.
CHIP12.4%
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