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【$SOON Signal】Pullback on multiple entries, negative funding rate short squeeze
$SOON 4H Bollinger Band upper band at 0.2221 was broken and retested, 1H RSI dropped from 70 to 68, buying pressure weakening. Funding rate -0.1882%, short positions paying, OI stable. Depth data shows buy-side proportion at 1.13, support below remains solid. Current price 0.226 is above the upper limit of the suggested zone, limited room for chasing longs. Place order at 0.215 to go long, 🛑 stop loss at 0.178, 🚀 first target at 0.226, second target at 0.227. 🛡️ Reduce position by half at 0.226 and move stop loss up to entry price, remaining position aims for 0.227. The risk-reward ratio is average, but in a negative funding rate environment, the risk of short covering is higher, making it worth a shot.
Check real-time market 👇 $SOON
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