【$CHIP Signal】Pullback to buy / 1H level funds support

$CHIP The 1H level is consolidating strongly between 0.0565-0.058, the upper band of the 4H Bollinger Bands has been pierced, and the price is operating at an absolute high. The 1-hour MACD histogram is contracting, but the fast and slow lines are still above the zero line, indicating bullish momentum is temporarily slowing but not exhausted. Market depth shows sparse sell orders, with significant buy orders accumulating below 0.056.

The price directly buys in the 0.05659 - 0.05715 range, which is the upper boundary of the dense trading zone in recent hours.

🛑Stop loss must be placed at 0.05613, which is the recent pullback low support. If broken, the short-term structure is broken.

🚀The first target is 0.05920, the previous minor high.

🚀The second target is 0.06023, near the previous high on the 1-hour level, also a psychological integer level.

🛡️Trade management:
- Execution strategy: After the price reaches 0.05920, reduce half of the position, and move the remaining stop loss to the entry price. If the price cannot hold above 0.0575 and falls back to touch the cost basis, exit all positions.

Negative funding rate is as high as -0.37%, putting enormous cost pressure on short positions, with potential for short squeeze fuel. The 1-hour RSI has fallen back from overbought territory to around 75, indicating a strong correction but not entering a weak phase. On the 4-hour level, buy volume significantly increased during price rally, with clear signs of capital inflow. The current risk-reward ratio exceeds 2, making the trade favorable, but the key is that the stop loss must be firmly maintained.

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