$CHIP ‌ 1H 📊

CHIP has a pretty clean short-term bullish structure here. Price broke out from the $0.0386–$0.0402 range, pushed to $0.04468, and the 1H Supertrend has flipped green at $0.03999.

The current pullback looks more like a retest than a confirmed reversal, but I’d avoid chasing after the 8% move.

Long Setup

Entry: $0.04070–$0.04120

SL: $0.03950

TP1: $0.04340

TP2: $0.04470

TP3: $0.04600

What I’m watching 👀

The $0.0407–$0.0412 area is the cleaner entry zone. It lines up with the recent breakout area and keeps the setup close to the green Supertrend.

$0.0434 is the first resistance. Above that, the recent high at $0.04468 is the key level. A clean 1H close above that could open the door toward $0.0460.

The main thing I don’t like is the rejection from $0.04468, so confirmation matters.

If CHIP loses $0.0395, I’d invalidate the long setup and stay out rather than force it.

Clean play: let the pullback come to you. A successful hold around $0.0407–$0.0412 would make this setup much cleaner than entering at $0.04188 after the initial push.

Chart-based levels only, not financial advice.

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