【$CHIP Signal】Overbought at high levels, waiting for a pullback to go long

$CHIP RSI 1H soared to 77.3, Bollinger upper band at 0.0750 is close.
4H MACD bullish histogram at 0.0023 is still expanding, but volume dropped sharply from 1.45 billion to 890 million, indicating waning buying momentum.
Deep buy/sell ratio is 0.99, funding rate at 0.005% is neutral, no signs of short squeezing.
🎯Direction: Long (waiting for pullback to place orders)
⚡Entry/Order: 0.06072 - 0.07370 (preferably place orders within the suggested range, closer to the lower limit)
🛑Stop loss: 0.06024
🚀Target 1: 0.06169
🚀Target 2: 0.06218
🛡️Trade management: - After placing the order, if the price quickly drops below 0.0620, exit all remaining positions.
Reduce position by 50% at Target 1 and move stop loss to entry price.
Current risk-reward ratio is not ideal, but short-term volatility is high.
If the price pulls back to near the lower boundary of 0.0607, supported by the EMA50 and buy orders below, the rebound has a higher safety margin.
Chasing longs at high levels is prone to being swept out; patience is the higher-probability strategy.
Check real-time market 👇 $CHIP
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