【$SLP Signal】Pullback Entry | Negative Funding Rate + Massive Breakout, Waiting for Pullback Confirmation

$SLP 1H RSI soared to 94.33, negative funding rate -0.0709% combined with huge volume turnover, buy-side gaps but capital support is clear. The 4H Bollinger upper band at 0.0008 has been broken, current price at 0.0009055 operating near the upper boundary of the range. Short-term momentum is weakening, but there is strong support around 0.0008 below.
🎯Direction: Long (Pullback Limit Orders)
⚡Entry: 0.0008500 (near the midline of the range, placing limit orders waiting for pullback)
🛑Stop Loss: 0.0006958 (system risk control stop loss level, below EMA50 support)
🚀Target 1: 0.0009054 (previous high and recommended take profit 1)
🚀Target 2: 0.0009090 (recommended take profit 2, very short-term target)
🛡️Trade Management: - Reduce 50% of position upon reaching Target 1, move stop loss up to entry price; if price drops below 0.00080, manually exit remaining position.
Depth Logic: Funding rate is deeply negative but price remains firm, short squeeze logic is valid. 1H MACD histogram continues to expand, bulls actively attacking. Market depth buy support is around 0.00085, sell orders are sparse, forming a vacuum zone. Current risk-reward ratio is about 1:3, worth setting up. This order may wait longer, but once triggered, profit certainty is high.
Check real-time market 👇 $SLP
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