
Post
$CHIP
CHIPUSDT price is currently trading at 0.04415 USDT, increasing sharply +4.22% in the last 1 hour frame. After bottoming out at 0.04209, the price rebounded rapidly with 2 strong green candles, breaking many short-term MA lines (MA5: 0.04342, MA10: 0.04314).
Positive technical factors:
• The price is on short-term MAs, indicating that the short-term increase is strong.
• Volume increased markedly accompanied by green candles, confirming that the buying force is dominating.
• The nearest resistance is at 0.04448 (24-hour peak). If successful, the next target can be 0.0455 - 0.0460.
Review:
CHIP is in a short-term recovery period with a clear bullish signal. This is a good buying opportunity for short-term trading (scalping/intraday) with a stop-loss below 0.0430.
Recommendation: Buy in the area of 0.0438 - 0.0442, take profit gradually at 0.0450 - 0.0460.

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