"Whale slaughter moment"! CHIP long and short both explode, 1-hour chart shows a "death cross" tricking traders?

Bull market is born in despair, grows in hesitation, and dies in celebration — at this moment, CHIP is at the crossroads of "whale long and short game." $CHIP
Personal opinion: The market news is extremely chaotic.
On one hand, the giant whale "0x5c26" faces an unrealized loss of $1.82 million due to heavy short positions, which often fuels short squeeze scenarios;
but on the other hand, on-chain trader "neoyokio.eth" is taking a long position with $2.2 million near $0.1, currently trapped. This top-tier capital's long and short battle causes extreme market volatility, and I tend to believe that the main force is using the "death cross" to violently shake out traders.
Technical analysis:
Pattern and volume: The hourly chart is in a high-level descending channel, recent rebounds with shrinking volume, which is a typical "lack of momentum" signal, not a reversal.
Indicator game: The "yellow-white double line death cross" you mentioned does exist, and MACD below zero is usually a bearish signal. But there's a paradox: RSI is in a wait-and-see zone (around 50), not oversold, indicating the bears haven't fully taken control.
Key level: The current price hovers around 0.1080, which is a dense liquidation zone. Above it, 0.1140 is a "high-pressure zone," while below, 0.1003 is the whale's cost line; breaking below will trigger a short squeeze and force longs to exit.
Case review: Looking back at the 44% surge on April 21, it was driven after the main force absorbed a lot of liquidity around 0.08. The repeated testing near 0.108 is very likely the last buildup before a short squeeze.
Trading ideas:
Long position: Enter lightly at the current price, target 0.1140—0.1200,
Short position: Light short around 0.1265—0.14, target 0.1050—0.1003.
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