color

Yuck thats gonna look bad no matter what you do. You can either tape it off so basically only that huge chip is showing and then rattle can it. Or you can take it further away from the chip and "feather" the paint so it blends better.

Or if you have a buffer and its two stage paint (base coat and clear coat) , you can touch it up a bunch so there is plenty of paint in there. Make sure it's totally dry and then sand it with 2000 grit. Then buff it and hopefully it makes it look relatively smooth without pulling any of the paint out.