【$CHIP Signal】Short squeeze rebound, 1H level secondary surge

$CHIP After a rally at the 1H level, a pullback occurs, RSI drops from a high of 84.5, but the price finds support around 0.110. The 4H Bollinger Bands are widening significantly, MACD lines are expanding strongly, and buying momentum is still being released. Market depth shows sparse sell orders, and the -0.057% funding rate provides natural fuel for a short squeeze.

The price directly adds positions in the 0.10928 - 0.11038 range, which is the upper part of the previous hour's candlestick body, indicating clear intent of capital support.

🛑Stop loss must be placed below 0.10840, which is the last line of defense for the short-term bulls.

🚀First target is 0.11433, close to the previous high resistance zone.

🚀Second target is 0.11631, and after breaking through, it is expected to test the intraday new high.

🛡️Trading management:
- Execution strategy: After the price reaches 0.11433, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.110 and turns downward, there is no need to wait for the stop loss to trigger; exit proactively.

The 1H trading volume did not significantly decrease after the surge, indicating sufficient turnover. Although RSI shows overbought conditions, in a negative funding rate environment, the cost pressure on short positions will continue to push the price upward testing. The buy dominance rate on the 4-hour level remains above 51%, and large funds have not exited. Under this structure, short-term indicator dullness is often broken directly by stronger momentum.

Check real-time quotes 👇 $CHIP
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