🚨 $CHIP Clear Downtrend
Spot Capital: consistent net outflows (1H: -60k, 24H: -2.12M, 7D: -212.5M). The massive 7D outflow underscores a strong sell-off in the spot market, reinforcing the bearish outlook. The convergence of outflows from both spot and futures markets is a major red flag.
The weight of evidence strongly favors the downside. The primary trend is down, confirmed by bearish MA/MACD/KDJ alignment, sustained capital outflows, and high-volume breakdowns. The oversold RSI and price below the lower Bollinger Band warrant caution but do not override the dominant bearish structure.
Entry Short $CHIP failed bounce 0.058-0.060 zone
• Conservative Entry: break below recent low 0.056, targeting the next support.
Stop Loss: above 0.062
Target Price $CHIP : 0.056-0.054