【$CHIP Signal】1H level pullback confirmation, capital support intent exposed

$CHIP 1H level surge and pullback, current price at 0.1158 stuck above the middle band of Bollinger. 4H Bollinger bands are widening, upper band at 0.1219 acts as resistance. 1H MACD shows an initial death cross, but negative funding rate of -0.195% provides potential short squeeze fuel. Market depth imbalance of -0.63%, sellers slightly dominant, but price has not dropped rapidly; buying support below is digesting selling pressure.

Price directly long in the range of 0.11525 - 0.11641, which is the intersection of the 1H EMA20 and the previous hourly candle body.

🛑Stop loss must be placed below 0.11432; a break indicates the bulls' defense line has failed.

🚀First target at 0.12058, the previous minor high.

🚀Second target at 0.12266, close to the 4H upper Bollinger band.

🛡️Trading management:
- Execution strategy: When price reaches 0.12058, halve the position, and move the remaining stop loss to the entry price. If price cannot stay above 0.116 and falls back again, exit proactively and wait.

1H RSI has fallen back from overbought to 60.5, providing room for another upward move. 4H MACD histogram is still expanding, but momentum is slightly shrinking, requiring new buying to push higher. Position volume remains stable, and in a negative funding environment, short positions have high costs, so any upward price movement could trigger short covering. The current risk-reward ratio is appropriate; key is whether the price can find support within the suggested zone and reorganize the attack.

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