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【$SOON Signal】1H overbought area squeezes shorts; follow-up on long positions
$SOON The 1H RSI surged to 91.44, consolidating in the overbought zone. Buy-side depth is relatively thick at 14.31%, and the funding rate is 0.04% a bit high but not extreme. In the 4H Bollinger Bands, the upper band at 0.1954 has been broken; price is moving along the upper band. Bulls are actively pushing higher, but the risk of a pullback at high levels should be watched out for.
🎯Direction: Go long
⚡Entry/Orders: 0.206977 - 0.207600
🛑Stop loss: 0.205524
🚀Target 1: 0.210714
🚀Target 2: 0.212271
🛡️Trade management: - Execute strategy: take profit on Target 1 by reducing 50% and move the stop loss up to breakeven; if price drops back to the entry price, exit.
The order book bids keep lifting the price, but chasing at RSI extremes and the risk/reward should be assessed rationally; keep a strict stop loss.
View live chart 👇 $SOON
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#直通IPO第二期JerseyMikes #长鑫今日上市成交901亿 #ETH重返1900美元