【$CHIP Signal】Short squeeze pullback, long positions targeted

$CHIP 1H timeframe consolidating at high levels, 4H Bollinger Bands fully expanded, price close to upper band. MACD double-cycle golden cross, but 1H histogram begins contracting, momentum slightly slowing.

Funding rate -0.1645%, bearish positions have high holding costs, order book sell side is 12% thinner than buy side, there is sufficient buying support below. Under this structure, it’s difficult for the price to fall sharply; every pullback fuels the bulls.

🎯Direction: Long

⚡Entry: Enter immediately near the current price of 0.1105, or place a limit order at 0.11001.

🛑Stop loss: 0.10912, a break indicates the short squeeze logic has failed.

🚀Target 1: 0.11509

🚀Target 2: 0.11708

🛡️Trade management: - Execute strategy: Take partial profit at the first target, move the remaining stop loss up to the entry price. If the price cannot quickly move away from the cost zone and falls back below 0.1100, exit immediately and observe.

Negative fee environment combined with deep imbalance, a typical short squeeze breeding ground. 1-hour volume has declined from high levels, indicating healthy turnover rather than distribution. 4-hour buy-side remains dominant, RSI is high but no bearish divergence, a strong market can tolerate overbought conditions. The risk-reward ratio is close to 2, making this trade manageable; the key is that after entry, the price must quickly show upward elasticity.

Check real-time market 👇 $CHIP
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