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$CHIP
CHIPUSDT in the 4H frame is giving a fairly positive short-term reversal signal after creating a bottom around the 0.0460 area. The price jumped more than 13% with a surge in volume showing that cash flow began to return.
Notably, the breakout candle has surpassed MA20 and close to MA30 - this is an important resistance area that determines the next trend. If it stays above 0.0520, it is highly likely that CHIP will continue to move up to the area of 0.0555 - 0.0580 to retest MA60.
The short MAs are showing signs of curving up after a prolonged period of decline, indicating a significant weakening of the selling force. However, MA60 and MA120 are still above, so the medium-term trend has not completely reversed.
The reasonable strategy is to buy when the price retests in the area of 0.0510 - 0.0520 with good maintenance volume.
● Near support: 0.0500 - 0.0485
● Strong resistance: 0.0555 and 0.0590
● Cut the loss if the break is 0.0480
This is a suitable setup for short-term trading rhythms following the breakout momentum.

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