$CHIP Signal】1H Overbought Pullback Long Entry, Negative Funding Rate Support


$CHIP 1H RSI soared to 82.83, funding rate at -0.2867% indicating negative, buy depth ratio of 1.33. The 4H MACD histogram continues to expand, but the price has already moved away from the Bollinger upper band.
🎯Direction: Long (Place Order)
⚡Entry/Order: 0.06484
🛑Stop Loss: 0.05765
🚀Target 1: 0.06519
🚀Target 2: 0.06546
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
Depth Logic: OI remains stable, negative funding rate suggests continued bearish pressure, retesting 0.06484 near EMA20, indicating resilience in absorbing buy orders.
View real-time market 👇 $CHIP
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CHIP27.75%
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ETH0.36%
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