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【$SOON Signal】Breakthrough pullback, follow the trend to go long
$SOON 1n the 1H level, after the breakout on an expansion in volume, the subsequent pullback sees the middle band of the 4H Bollinger Bands and the 1H EMA50 form a resonant support. The MACD double-cycle golden cross opens up; although there is a slight imbalance in buying depth, under a negative funding rate environment the price remains firm, and the potential upward pressure from short liquidations cannot be ignored.
The price is being supported in the 0.1741 to 0.1830 range; you can enter in batches near the current price.
🛑Set the defense below 0.1658.
🚀The first target is 0.1909, and the second target is 0.1993.
🛡️Trading management: - Execute the strategy: halve the position at Target 1, and move the stop-loss for the remaining position up to the entry cost. If the price falls back into the entry zone, exit unconditionally.
The 4-hour buy orders continue to push the price higher, and the 1-hour RSI has pulled back from a high level to a healthy zone, creating room for a second leg up. Open interest remains stable, and negative funding rates continue. Under this structure, a pullback is actually the bulls proactively building up momentum. The risk-reward ratio is close to 1:2, worth a try.
View real-time market 👇 $SOON
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