【$CHIP Signal】Ambush Entry, Short Squeeze Play Under Negative Funding Rate

$CHIP The 1H timeframe repeatedly tests near the middle band of the Bollinger, with the MACD histogram's negative value expanding, but the 4H MACD remains above zero, indicating the trend is not fully broken.
Order book depth is imbalanced—22% short, with significantly thicker sell orders, and active selling pressure persists.
Negative funding rate at -0.4224% is unusually high, putting enormous cost pressure on short positions, with a potential for a short squeeze.

Price directly enters long positions in the 0.10081 - 0.10183 range, which is the confluence zone of the 1H EMA50 and the previous dense trading area.

🛑Stop-loss must be placed below 0.10000; a breakdown would break the short-term structure.

🚀First target is 0.10547, the previous minor high on the 1H timeframe.

🚀Second target is 0.10730, close to the upper Bollinger band on the 1H chart.

🛡️Trade management:
- Execution strategy: After the price reaches 0.10547, halve the position, and move the remaining stop-loss to the entry price.
- If the price cannot hold above 0.10183 and falls back, consider exiting early.

Current risk-reward ratio is close to 2, which is acceptable.
In a negative funding rate environment, the price has not experienced a waterfall decline but has found support at key moving averages, indicating that bearish momentum has not fully formed and is more likely profit-taking.
Stable open interest suggests large funds have not exited; if buy-side depth recovers, it could easily trigger short covering and rapid upward movement.

Check real-time market 👇 $CHIP
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