【
$CHIP Signal】Short squeeze rebound, follow the trend to go long
$CHIP 1H timeframe high-level oscillation, 4H Bollinger Bands significantly widening, price close to the upper band.
Order book depth imbalance -32.4%, sparse sell orders, huge short covering pressure.
Negative funding rate -0.1232% continues to pressure, but price refuses to dip deeply, a typical short squeeze structure.
🎯Direction: Long
⚡Entry: Enter immediately at the current price around 0.0620, or place staggered orders in the 0.06172-0.06234 range.
🛑Stop loss: 0.06122
🚀Target 1: 0.06457
🚀Target 2: 0.0656