【$CHIP Signal】Long | 1H Breakout Continuation + Negative Funding Rate Short Squeeze Potential

$CHIP 1H RSI 77.5, buying pressure gap, deep imbalance -14.61% indicates concentrated selling pressure. 4H MACD histogram expands but 1H MACD histogram contracts, short-term momentum wanes. Bollinger Bands 1H upper band at 0.0433 is close, price touches and pulls back. But 4H Bollinger Bands are opening upward, trend unchanged. Funding rate -0.0833%, negative rate combined with stable open interest, long positions have low cost, potential for short squeeze.
🎯Direction: Long
⚡Entry/Order: 0.0425520 - 0.0426800
🛑Stop Loss: 0.0405460
🚀Target 1: 0.0458810
🚀Target 2: 0.0474815
🛡️Trade Management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
Current risk-reward ratio about 1.5, ample space for targets above, manageable stop loss below. Short-term resistance at 0.0433-0.0442, if unable to break through quickly, may consolidate. Overall bias remains bullish.
View real-time market 👇 $CHIP
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