【$CHIP Signal】Pullback and enter long on support, 1H level funds provide a backstop

$CHIP 1H level rally followed by a pullback; the current price is consolidating around 0.1035. The upper band of the 4H Bollinger Bands at 0.1102 forms resistance, but the 1H EMA20 at 0.0920 provides dynamic support. Order book depth is imbalanced at -59.74%, with selling pressure remaining significant, but the funding rate at -0.2478% offers a potential for a short-squeeze reversal.

Price is within the 0.10304 - 0.10408 range, and the intention for bulls to absorb is beginning to show.

⚡Enter directly around the current price of 0.1035.

🛑Defense must be placed below 0.10221.

🚀First target: look toward 0.10781.

🚀Second target: push up to 0.10967.

🛡️Trade management: - Execute the strategy: after the price reaches 0.10781, cut the position in half; move the stop-loss for the remaining position up to the entry price. If the price cannot hold above 0.104 and falls back, consider exiting early.

The 1H MACD histogram bars are nearing the zero line; momentum is contracting, but the trend has not turned bearish. On the 4H timeframe, the MACD is still in a golden cross, and larger timeframe support remains. Position volume is stable, with no sign of large-scale withdrawal. The risk-reward ratio at this level is reasonable; the key is whether the price can quickly break away from the current zone to avoid prolonged sideways action that drains the patience of the bulls.

Check the real-time market 👇 $CHIP
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