【$SOXS Signal】Go long | Negative funding rate + 1H momentum continuation

$SOXS RSI 1H 67.88, funding rate -0.1248%, long positions’ cost is nearly zero. The 4H MACD histogram continues to expand, the bid depth ratio is 1.02, and resting buy orders below are clearly visible. Price is trading above EMA20_1H; MA20_1H and EMA50_4H form a confluence support. Current short-term momentum hasn’t waned yet, but the 1H MACD histogram shows signs of contracting. A quick breakout above the previous high 61.05 is needed to confirm continuation.

🎯 Direction: Go long

⚡ Entry / Orders: 59.2617 - 59.4400

🛑 Stop loss: 56.4680

🚀 Target 1: 63.8980

🚀 Target 2: 66.1270

🛡️ Trade management:
- Execution strategy: After reaching target 1, reduce 50% position size and move the stop loss up to breakeven. If price drops back to the entry zone, automatically exit to protect principal.

Depth logic: In a negative funding rate environment, price hasn’t broken the short-term moving averages, indicating that bearish capital isn’t in control; instead, it provides a safety buffer for longs. The 4H Bollinger Band upper rail 60.09 has been probed; if it breaks upward with volume, the band’s upper opening will accelerate the move. Risk-reward ratio 1.5, suitable for short-term scalping.

View real-time quotes 👇 $SOXS
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