【$CHIP Signal】Short squeeze rebound, long positions sniper

$CHIP 1H level high-level consolidation, 4H Bollinger Bands significantly widening, price moving outside the upper band. RSI on 1H at 71.4, on 4H as high as 88.53, indicating severe overbought conditions but price refuses to deepen correction. Market depth shows sell orders are imbalanced at -6.08%, with more sell orders. Negative funding rate of -0.1192% and stable open interest, typical short squeeze structure, with passive short covering as potential fuel.

Price directly goes long in the 0.1093 - 0.1103 zone, which is supported by the 1H EMA20 and the upper boundary of previous trading volume concentration.

🛑Stop-loss must be placed below 0.1084; a breakdown would break the short-term structure.

🚀First target is 0.1143, near previous high resistance.

🚀Second target is 0.1163, extending into the 4H Bollinger upper band area.

🛡️Trading management:
- Execution strategy: Halve the position after the price reaches 0.1143, and move the remaining stop-loss up to the entry price. If the price cannot hold above 0.1100 and reverses, exit proactively and observe.

The 1H MACD histogram begins to contract, but both lines remain above zero, indicating momentum slowdown rather than reversal. The 4H MACD has a golden cross and continues to expand, maintaining trend momentum. For such high-volatility assets, a proper risk-reward ratio justifies strict stop-loss to capture inertia-driven upward movement. Current risk-reward ratio approaches 1:2, which is acceptable. Buying support below is resilient in the 0.1067-0.1084 zone, with selling pressure quickly absorbed.

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