$SOON Signal | Extreme negative funding rate, deep buy-side support, but initial selling pressure appears above, caution for a quick pullback after a rally


$SOON RSI surges to 75.3, the upper band of the 1H Bollinger Bands at 0.229 has been broken through, price is stuck at 0.2307. The 4H MACD bars are still expanding but the slope is slowing, the last 4H candlestick buy volume is at 0.47, sell volume is actively pushing down the price. Funding rate is -0.4254%, open interest remains stable, this is a typical negative funding rate holding structure—bulls are trapped but supported by deep buy orders.
🎯Direction: Long(Place orders waiting for a pullback)
⚡Entry/Order: 0.2292 (recommended upper boundary of the range)
🛑Stop loss: 0.1776
🚀Target 1: 0.2305
🚀Target 2: 0.2314
🛡️Trade management: Target 1 is only 0.13% above the current price. If the order hits Target 1 directly after entry, reduce position by 70%, and move the remaining stop loss to 0.2290 to break even. If the price falls below the order level at 0.2292 and cannot recover, abandon this trade to avoid holding through a decline.
The current risk-reward ratio is very low, about 1:0.02, purely betting on a short-term rebound. Negative funding rate + deep buy support are the only supports, but the 4H has been shrinking in volume consecutively, and if buy momentum weakens, a sharp decline could occur. Strictly follow the order execution, do not chase high.
Check real-time market 👇 $SOON
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