🟢 Direction: LONG
CHIP recorded about $4.04K in short liquidations near $0.05719, suggesting buyers absorbed nearby supply and forced shorts to cover.
📍 Entry Zone: $0.05580–$0.05730
🛑 Stop-Loss: $0.05380
🎯 TP1: $0.05950
🎯 TP2: $0.06200
🎯 TP3: $0.06500
The $0.0558–$0.0570 region is the immediate demand area. If price maintains this support and volume expands on a break above $0.0595, continuation toward the higher targets becomes technically reasonable.
Invalidation: A decisive breakdown below $0.05380 cancels the bullish setup.
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