🚨 SOON is up nearly 10% in 1 hour! Trading volume has surged to 19 times its previous level, with the price at $0.3147—volatility has suddenly awakened!
But what’s really strange is that the 24-hour data still shows a drop of around 4.7%–5%, while OI has increased 4.5% to $15 million. Retail sentiment is bearish, with shorts outnumbering longs by about 3.8 to 1. Some price levels don’t match the current price, so the data needs to be verified.
📊 What does this mean? This looks more like an oversold rebound than a breakout to chase blindly. You could get the direction right but still buy near the top; if the bulls fail to follow through, those chasing the rally could be left holding the bag.
🎯 Key levels:
Resistance: 24-hour high of $0.3057
Watch zone: $0.2696–$0.2669
The trend is only confirmed if the price holds above the level on rising volume and continues higher.
My take: Short-term bullish, but absolutely don’t chase blindly! If it can’t hold the breakout level and falls back into the key zone, beware that the rebound may be over.
Do you think SOON will continue to hold above $0.3057, or pull back to $0.2696–$0.2669? 👇
#SOON #ShortTermTrading