【$CHR Signal】Pullback to go long, short squeeze structure initially forming

$CHR 1H level rebound and fall back, current price at 0.0191 testing the 4-hour Bollinger upper band. Buying interest is heavily concentrated in the 0.018-0.0185 range, with a depth imbalance reaching 22%, fully exposing the capital support intent. The 1-hour MACD fast and slow lines are converging, indicating that bullish momentum is temporarily resting, but open interest remains stable, with no signs of large-scale capital withdrawal.

🎯Direction: Long

⚡Entry/Order: Layered entries between 0.0175 - 0.0179

🛑Stop Loss: 0.0169

🚀Target 1: 0.0220

🚀Target 2: 0.0240

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss to the entry price. If the price cannot hold above 0.0185, consider partially exiting early.

The 4-hour chart has broken above all moving averages, and the channel is fully open. The key is the support around 0.0178, where the 1-hour EMA50 coincides with a large cluster of buy orders. Positive funding rates combined with stable open interest indicate passive short positions, and once the price moves again, it could easily trigger a short squeeze. The current risk-reward ratio exceeds 4, making it worthwhile to use a smaller position to bet on a secondary rally after this pullback.

Check real-time market 👇 $CHR
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