$CHIP Breakout Contonuation or Liquidity Trap? Watch the $0.108 Support! 🚀📉
CHIP/USDT is currently putting on a high-velocity masterclass, printing a massive +92.28% gain in the last 24 hours. The initial breakout from the $0.030 base was explosive, but we are now at a critical pivot point following a rejection at $0.120. Here is the technical breakdown:
1. The "Rejection wick" and the MA Confluence 🔍
The long upper shadow on the $0.120 candle (Blow-off Top potential) is a clear sign of massive profit-taking. However, the structure isn't broken.
The Current Fight: $CHIP is currently trad