$CHIP Signal | 1H Overbought Pullback for Long Entry

$CHIP 1H RSI surges to 82.35, after breaking above the upper band of the 4H Bollinger Bands, the price remains above, with two consecutive large bullish candles pushing higher. Deep negative value -14.73%, sell order pressure has accumulated. Funding rate at 0.005% neutral, open interest stable. Short-term overbought condition severe, wait for a pullback to buy low.
🎯Direction: Long (pullback orders)
⚡Entry: 0.06062
🛑Stop Loss: 0.06014
🚀Target 1: 0.07330
🚀Target 2: 0.07359
🛡️Trade Management: Reduce 50% at Target 1, move stop loss to entry point. Exit if price drops below 0.06014.
Depth logic: RSI high but momentum not exhausted, deep sell pressure indicates short-term profit-taking. Stable open interest shows no large-scale liquidation, and after the pullback, bulls still have room.
View real-time market 👇 $CHIP
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