$CHIP 1D Setup — bearish pressure CHIP is down -6.24% on the daily timeframe, showing clear bearish pressure. Price is breaking lower levels, indicating sellers currently control the market. This type of move often leads to either a deeper correction or a temporary bounce from oversold conditions. Volume is increasing on the downside, confirming the selling momentum. -6.24% recent move +4% to +8% relief bounce potential -6% to -12% downside continuation risk Key Levels: Support: 0.065 – 0.058 Resistance: 0.075 – 0.083 Market Insight: Strong downside moves often create short-term bounce opportunities.