$SOMI Signal】Short squeeze setup - Negative funding rate + Open Interest stable

$SOMI 1H surge then pullback, consolidating around 0.2010, 4H MACD bullish momentum still expanding but with obvious divergence between volume and price (latest 4H candle is a bearish engulfing, partially erasing gains). The upper Bollinger Band at 0.2267 acts as a short-term ceiling, the lower band at 0.1485 provides support. Funding rate at -0.1531%, OI stable, bears continuously paying longs, short squeeze conditions basically met.
🎯Direction: Long (place orders on pullback)
⚡Entry/Order: 0.1792 - 0.2002 (suggest placing orders around 0.1990, waiting for a dip to catch)
🛑Stop loss: 0.1726
🚀Target 1: 0.2021
🚀Target 2: 0.2029
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to breakeven. If the price rebounds but fails to break below 0.1950, manually exit.
Depth logic: Although buy-side depth ratio has decreased from 0.51 to 0.47, sell-side depth remains relatively even, with a large number of orders stacked in the 0.1792-0.2002 range below. The negative funding rate has persisted for one cycle without convergence; once the price stabilizes, short covering will accelerate the upward push. Current risk-reward ratio is about 0.07 (based on Target 1), strict waiting for pullback orders is necessary, chasing high is not recommended.
Check real-time market 👇 $SOMI
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