【$CHIP Signal】1H-level short squeeze continuation, short squeeze market under negative funding rate

$CHIP The 1H-level price is firmly near the upper Bollinger Band at 0.1074, the 4H MACD histogram is still expanding, but the 1H MACD histogram has started to contract, indicating a first divergence in momentum. The order book depth imbalance is only 1.5%, with bulls and bears in a subtle balance at the current position. The -0.09% negative funding rate provides natural fuel for a short squeeze, and short positions continue to face cost pressure.

Price directly buys in the 0.10236 - 0.10338 range, entry can be near the current price.

🛑Stop loss must be placed below 0.10153; a breakdown indicates the bulls' support has failed.

🚀The first target is 0.10709, which is the previous high resistance area on the 1H level.

🚀The second target is 0.10894; a breakout could lead to testing around 0.119.

🛡️Trading management:
- Execution strategy: When the price reaches 0.10709, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.103 and falls back, consider exiting early.

Current open interest remains stable, with no significant profit-taking outflows, indicating holders are still betting on higher space. The 1H RSI at 70.67 is in a strong zone but not extremely overbought, and the 4H Bollinger Bands are widely open, providing ample room for price fluctuations. In this negative funding rate environment, stable positions often suggest a rapid upward pulse is brewing, with the risk-reward ratio currently favoring the bulls.

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