【$CHIP Signal】Short squeeze rebound, follow the trend to go long

$CHIP 1H timeframe high-level oscillation, 4H Bollinger Bands significantly widening, price close to the upper band.
Order book depth imbalance -32.4%, sparse sell orders, huge short covering pressure.
Negative funding rate -0.1232% continues to pressure, but price refuses to dip deeply, a typical short squeeze structure.

🎯Direction: Long

⚡Entry: Enter immediately at the current price around 0.0620, or place staggered orders in the 0.06172-0.06234 range.

🛑Stop loss: 0.06122

🚀Target 1: 0.06457

🚀Target 2: 0.06569

🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position’s stop loss moved up to entry price.
If the price cannot hold above 0.0623, consider exiting early.

1H MACD histogram contracts, but the fast and slow lines remain above the zero axis in a strong zone.
4H MACD has a golden cross that continues to expand, bullish momentum not exhausted.
Volume shrinks during price consolidation, indicating healthy turnover.
In this negative funding rate environment, the price remains firm, often indicating that bearish fuel is not yet exhausted, and a quick surge can trigger a chain of stop-losses.
Risk-reward ratio close to 2, the probability of profit is decent, but strict position control is necessary to prevent pin risk in high volatility.

View real-time market 👇 $CHIP
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