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【$CHILLGUY Signal】Bull and bear trap, short squeeze structure initially emerges
$CHILLGUY 1H timeframe consolidating at high levels, 4H Bollinger Bands fully expanded, price above upper band. RSI surging to 85, buying pressure breaks, but there is a thick wall of buy orders below, fully exposing the capital support.
🎯Direction: Long
⚡Entry: Enter at current price 0.012896, or place a pending order at 0.012832.
🛑Stop loss: 0.008955
🚀Target 1: 0.012884
🚀Target 2: 0.012936
🛡️Trade management: - Execute strategy: halve position at Target 1, move stop loss up to entry point. If price falls back to entry point, automatically exit.
Position remains stable, fee rate slightly positive, bears have not withdrawn on a large scale. 1H MACD shows shrinking red bars but no death cross, bullish momentum waning but structure intact. Market depth shows dense orders below 0.01287, serving as the bulls’ defensive line. Current risk-reward ratio is not perfect, but the short squeeze logic relies on using limited retracement risk to gamble on the rapid breach of thin sell orders above after a slight pullback.
Check real-time market 👇 $CHILLGUY
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