$CHIP Signal】1H overbought + negative fee rate, waiting for a pullback to go long


$CHIP 1H RSI 80.1, Bollinger Band upper band 0.0667 has been broken. 4H MACD histogram expanding, but the depth of 0.69 indicates selling pressure accumulation. Funding rate -0.1007%, bears continue to pay, short squeeze logic still in effect.
🎯Direction: Long (place order on pullback)
⚡Entry/Order: 0.06683
🛑Stop loss: 0.05785
🚀Target 1: 0.06718
🚀Target 2: 0.06745
🛡️Trade management:
- Execution strategy: Place order at 0.06683, enter upon fill. Reduce position by 50% upon reaching target 1, move stop loss to entry price. If the order is not triggered, abandon.
High negative fee rate makes chasing shorts too risky, but current space for chasing longs is limited; only waiting for a deep correction to achieve a reasonable risk-reward ratio.
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