
Post
Hxlaw
$CHIP
Clear bullish signal:
• The price is trading at 0.03498 (+5.04%), strongly breaking the resistance near 0.0345-0.0350.
• A large green candle with a spike in volume (especially the nearest candle) shows a strong buying force.
• The price has surpassed all MAs (MA5, MA10, MA20), MA5 towards strong upwards.
• The previous pullback touched the support area of 0.0311 and then bounced strongly → short-term trend reversal.
Buying strategy:
• Buy now or wait for a pullback to the area of 0.0342 - 0.0345 (MA5/MA10).
• Take profit: 0.03556 (24h peak) → 0.0365 - 0.0370.
• Stop loss: 0.0335 (below MA20) → risk ~3-4%.
Conclusion: The buying signal is quite good in the short term thanks to strong momentum and support volume. Should manage risk strictly, not all-in. Follow the volume and candle for the next 1 hour.

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