【$SOXS Signal】Short-squeeze structure + negative funding rate, watch for breakout continuation

$SOXS 1H strong breakout above the upper band, Bollinger Bands opening expands. 4H MACD bullish bars keep increasing in volume, but the 1H histogram is almost flat, showing signs of weakening momentum. Funding rate -0.1322%, with negative funding stacked on top and buy-side depth of 1.55, making short-squeeze conditions in place. The current risk-reward is about 1.5; chasing longs at highs requires strict stop-loss discipline.

🎯 Direction: Go long

⚡ Entry / limit orders: 61.9436 - 62.1300

🛑 Stop-loss: 59.0235

🚀 Target 1: 66.7898

🚀 Target 2: 69.1196

🛡️ Trade management:
- Execute strategy: After reaching Target 1, reduce the position by 50%, and move the stop-loss up to the break-even level. If price drops back to the entry level, automatically exit to protect principal.

Depth logic: 4H RSI 73.2 is not extreme, but 1H is already nearing the overbought zone, and short-term volatility may increase. The order book buy depth is dominant; negative funding has not yet been digested by price. If volume continues to break out above the prior high at 62.8, the short-squeeze will accelerate. If it retraces below 61.9, the long structure may loosen.

Check real-time quotes 👇 $SOXS
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