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$ZHIPU SHORT SETUP — SELLERS ARE STILL IN CONTROL!



$ZHIPU has dropped sharply from 75.30 to 61.03, confirming a strong bearish shift on the 1H chart. The recent bounce toward 64.00 is now facing resistance, and another rejection could trigger the next move lower.

Short Entry: 63.91
SL: 65.50

TP1: 62.50
TP2: 61.03
TP3: 59.60
Final Target: 57.50

The market continues to form lower highs and lower lows. As long as $ZHIPU stays below 65.50, the bearish setup remains valid. A break below 61.03 could accelerate selling pressure toward the next downside targets.

Watch for rejection around current levels!
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StableSleep
an hour ago
Does ZHIPU move in tandem with the broader market, or is it trading independently? Has anyone looked into this?
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DNSPhisherHunter
an hour ago
TP3 at 59.6 seems a bit aggressive. I plan to wait until it reaches 62.5, then reduce my position to break even.
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BondFarmer
2 hours ago
The bearish structure remains intact, and there is indeed strong resistance around 64. Wait for a confirmation signal before entering.
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CollectorHeart
2 hours ago
Lower highs, lower lows—a classic structure. A break below 61 will likely accelerate the decline.
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FrontrunFail
2 hours ago
The stop-loss at 65.5 is set a bit wide. The risk-reward ratio works out okay, but you need to keep a close eye on the market.
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BridgeExpert
2 hours ago
First Review
From 75 down to 61—this selloff is brutal; every bounce just gives the shorts more fuel.
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