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$SOON Signal: Multiple callbacks, negative fee rate expected to squeeze shorts
$SOON 1H MACD bullish but bars are shrinking, price has fallen from 0.247 to 0.2224, Bollinger upper band at 0.2443 is acting as resistance. Funding rate is -0.1%, shorts are paying continuously but the price hasn't collapsed, buying support around 0.22. The current price is not suitable for direct chasing; wait for a pullback to 0.2213 to go long, stop loss at 0.1790, first target at 0.2276, if broken then look at 0.2438. This extreme negative fee rate combined with high-level consolidation suggests waiting for a lower entry for more stability.
🎯Direction: Long (wait for pullback to place orders)
⚡Entry/Order: 0.2213 (limit order)
🛑Stop Loss: 0.1790
🚀Target 1: 0.2276
🚀Target 2: 0.2438
🛡️Trade Management: Reduce position by 50% at Target 1 and move stop loss to entry price, remaining position aims for Target 2. If the price falls below 0.2213 and then pulls back, reassess.
View real-time market 👇 $SOON
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