$CHIP rejecting off resistance! Breakdown back to $0.037 or sudden rebound
Caption: CHIP is trading at $0.040817 (-7.77%) after a heavy rejection from its high near $0.0467. Price is currently testing support at its MA30 ($0.040837) while sitting under MA5 ($0.04301) and MA10 ($0.04277).
Market Bias: Bearish pullback within a larger structure.
FVG (Fair Value Gap): Imbalance zone overhead at $0.0435 – $0.0450.
Support: $0.0405 / $0.0370
Resistance: $0.0430 / $0.0467
Entry Zone: Buy near support at $0.0395 – $0.0408.
Stop Loss (SL): $0.0382
Take Profit (TP): TP1: $0.0430 | TP2: $0.0455 | TP3: $0.0474
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