$CHIP /USDT Short Setup



Price is around 0.05500 and still under pressure after recent -4% decline. Structure remains weak with sellers active near resistance zones and no strong bullish reversal yet.

Short entry zone: 0.05480 – 0.05550
Best confirmation: breakdown below 0.05340

Key resistance: 0.05606 – 0.05706, major rejection area at 0.05811

Downside targets:
0.05340 → 0.05306 → 0.05200

Stoploss: above 0.05811

Bias: bearish continuation unless price reclaims 0.05600 with strong volume.#BitcoinHoldsFirmAbove80K #GateSquareMayTradingShare
CHIP-2.17%
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