【$CHIP Signal】Short squeeze pullback, sniper for a second surge

$CHIP 1H timeframe high-level oscillation, Bollinger upper band around 0.1123 shows selling pressure, but the deep discount of -0.43% funding rate reveals the cost pressure of short positions. Although the 1H MACD histogram has turned negative, the price repeatedly tests near 0.108, with solid buy orders below, and the short squeeze structure remains intact.

🎯Direction: Pullback to go long

⚡Entry/Order: Layered entries in the 0.1080 - 0.1090 range

🛑Stop loss: 0.1071

🚀Target 1: 0.1129

🚀Target 2: 0.1149

🛡️Trade management: - Execute strategy: halve the position at Target 1, move the remaining stop loss up to the entry price. If the price cannot quickly break away from the cost area, exit proactively.

Order book depth imbalance -41.64%, sparse sell orders, slight buy orders can push the price. The 1H EMA50 at 0.0744 provides distant support, and the current pullback is healthy digestion. In a negative funding rate environment, if the price can stabilize above 0.108, it is very likely to trigger a chain reaction of short covering. With a risk-reward ratio of 2:1, it’s worth using tight stops to continue the short squeeze.

Check real-time market 👇 $CHIP
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