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$CHIP (1H) - Pullback Short
Bias: Short
Entry (Zone): 0.0404 - 0.0409
Targets:
TP1: 0.0397
TP2: 0.0390
TP3: 0.0382
Stop Loss: 0.0416
Why this Setup:
I see CHIP stalling after the recent intraday push into resistance, and I want to fade the move if price keeps rejecting this area. I’m looking for a pullback toward the nearby support levels, with the last impulse high acting as my invalidation.