$SOXS Signal | 1H momentum continuation + negative funding rate, bulls hunting

$SOXS The 1H MACD histogram keeps expanding, and the price is moving up while stepping on the Bollinger mid-band. Buy-depth is 1.92x stronger than sell pressure, which is being quickly absorbed. The 4H RSI is 69, not yet in an extreme zone, but the 1H RSI is 75.89, so short-term momentum feels a bit crowded. A negative funding rate of -0.0377% combined with stable OI means the intention to support prices is clear; the risk-reward here is still acceptable.
🎯Direction: Long
⚡Entry / Place orders: 58.9626 - 59.1400
🛑Stop loss: 58.5486
🚀Target 1: 60.0271
🚀Target 2: 60.4706
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
After breaking above the 4H Bollinger upper band, there was a slight pullback. The 1H buy side is still actively raising bids; turnover is active at high levels. After a sharp short-term surge, be cautious of a false breakout, but with a negative funding rate, shorts don’t dare to press hard.
View live market 👇 $SOXS
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