【$SOXS Signal】Short squeeze + negative funding rate support, long side targeting

$SOXS Negative funding rate -0.1274%, with the funding rate deeply in discount. The 1H Bollinger Band upper track at 61.44 is suppressing price, and the MA20–EMA50 bullish alignment has not broken. The 4H RSI is 70.57, but the MACD histogram continues to shrink, indicating slowing upside momentum. The order book shows an imbalance in buy depth of 11.05%; the Bid/Ask Ratio is 1.25, and sell pressure is quickly absorbed, with price holding firm and not dropping. Objectively, with the negative funding rate, the probability of a short squeeze on the downside is higher than a pullback; a risk-reward ratio of 1.5 is enough to support short-term positioning.
🎯Direction: Long
⚡Entry/limit order: 59.9596 - 60.1400
🛑Stop loss: 59.5386
🚀Target 1: 61.0421
🚀Target 2: 61.4931
🛡️Trade management: After reaching Target 1, cut 50% of the position, and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.
Check real-time quotes 👇 $SOXS
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