【$SOON Signal】Bullish momentum exhaustion, waiting for a pullback to go long

$SOON 1H level sharp rise followed by a pullback, buying orders around 0.1612 show a gap. The 4H MACD histogram is still expanding, but the 1H histogram has started to contract, indicating weakening short-term upward momentum. Market data reveals key information: sell orders significantly increase from 0.1373, forming a clear resistance wall above, while a large number of buy orders accumulate in the 0.1350-0.1360 range, forming the first line of defense. The current price at 0.137 is exactly between the upper band of the 4H Bollinger Bands and the dense sell pressure zone, making chasing higher risky with poor risk-reward ratio.

🎯Direction: Wait and see, buy after a pullback

⚡Entry/Order placement: Place buy orders at the lower boundary of the 0.118 - 0.136 range, prioritize at 0.118

🛑Stop loss: 0.115

🚀Target 1: 0.137

🚀Target 2: 0.138

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Funding rate has turned positive but remains modest, with no signs of extreme short squeeze signals. Open interest remains stable after the price surge, with no sharp decline caused by large-scale profit-taking by longs, indicating the trend may not be over. The 1H RSI has fallen from overbought territory to 62.5, providing a healthy pullback space. A more cautious approach is to wait for the price to retest the dense order zone below or the EMA support, allowing the market to establish a clear support level on its own.

Check real-time market 👇 $SOON
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