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

$CHIP 1H timeframe high-level oscillation, buying depth imbalance -24.56%, short-term funding rate as high as -0.3347%, typical short squeeze fuel. 4H Bollinger Bands significantly widened, the middle band at 0.0602 has become strong support, but the 1H MACD fast and slow lines form a dead cross downward, the histogram expands negatively, and short-term momentum weakens.

Price repeatedly tests the 0.10941 - 0.11051 zone; this area is near the 1H EMA20 and also the midpoint of the previous 4-hour candlestick body, and the absorption is beginning to emerge.

🎯Direction: Long

⚡Entry: Enter directly around the current price of 0.10996, or place an order at 0.10941 to pin.

🛑Stop loss: Must be strictly placed below 0.10853.

🚀Target 1: The first target is 0.11447—this is the previous small high on the 1H timeframe.

🚀Target 2: The second target is 0.11645, approaching the upper band of the 4H Bollinger Bands.

🛡️Trade management:
- Execution strategy: After the price hits 0.11447, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.110 and breaks back down below the entry zone again, exit unconditionally.

The order book shows thin buy orders and piled-up sell orders. This kind of depth structure, combined with extremely high negative funding rates, often indicates that short positions have massive cost-pressure. The 1H RSI has fallen from the overbought zone to 64, leaving room for another push higher. Trading volume significantly shrinks during price pullbacks, which is not a sign of distribution. The risk-reward ratio exceeds 2, so this trade is risk-manageable; the key is that after entry, the price must quickly move away from the cost zone—otherwise it is a weakness signal.

View real-time market 👇 $CHIP
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