#S AIMING FOR $1 â CAN IT BREAK THROUGHâI called this move when
$S was dipping at $0.61 and now it's surging past $0.73 with strong momentumâBulls are in control, and if this rally continues the $1 mark is well within reach. Will
#S smash through resistance and push beyond $1, or is a pullback comingâ Keep your eyes on this oneâ
$S Surges 16% â Reversal in Play or Just a Relief Rallyâ
$S is rebounding, currently trading at $0.7349, up 16.23%, after recovering from a low of $0.6150. The price is showing signs of strength, but can it break through key resistance, or is this just a temporary bounce?
Key Levels to Watch
Resistance: $0.7637 â A breakout could lead to further upside toward $0.80 and $0.85.
Support: $0.6765 â A breakdown below could test $0.63 again.
Trade Setup
Long Entry: Above $0.75, targeting $0.80 and $0.85.
Short Entry: Below $0.68, looking for $0.63 and $0.60.
Stop Loss: $0.72 for longs, $0.76 for shorts.
Market Insight â Trend Reversal or Fakeout?
MACD: Bullish crossover suggests momentum shifting up.
Parabolic SAR: Still in a downtrend, but flattening out.
Volume: Increased buying interest could sustain upside pressure.
Sonic's price action is at a decision point will bulls take control, or is a retest of support coming?