【$SOXS Signal】1H breaks through a short squeeze; a negative funding rate supports long momentum

$SOXS 1H MACD fast line surges upward steeply, and the funding rate of -0.114% provides the “soil” for a short squeeze. The 4H Bollinger Bands open up in width, and buy-side depth of 1.33 shows active order consumption. The current price has already broken above the 4H upper band, and long momentum continues.
🎯Direction: Go long
⚡Entry/Orders: Enter around 65.41, or place orders in the 65.2138-65.4100 range
🛑Stop loss: 64.7559
🚀Target 1: 66.3911
🚀Target 2: 66.8817
🛡️Trade management: - Execute strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price falls back to the entry level, you will automatically exit to protect principal.
RSI at 80.84 is in the overbought zone, but the negative funding rate + OI stable indicates ongoing short squeezing, and the risk-reward ratio of 1.5 is acceptable. If, after the breakout, the pullback does not break the 63.8 area, the long structure remains intact.
Check live 👇 $SOXS
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