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$SOON Signal】1H breakout, initial bullish exhaustion pattern
$SOON 1H RSI skyrocketed to 85.36, price has broken above the upper Bollinger Band. The 4H MACD histogram continues to expand, with buying pressure clearly accumulating between 0.1513 and 0.1507, but there is a thick sell wall around 0.154.
The current price is far from the moving averages, risking chasing the high directly. A more prudent strategy is to wait for a healthy pullback.
🎯Direction: Pullback to go long
⚡Entry/Order: Place buy orders at the lower boundary of the 0.1156 - 0.1513 range
🛑Stop loss: 0.1140
🚀Target 1: 0.153