🔥$SOON / USDT : Parabolic Impulse in 1H and Retest in the Max Zone at $0.2381 🚀⚡
SOON $SOON will record a substantial increase in liquidity in the derivatives market with 7.38M USDT in volume (33.37M SOON). After breaking out of the accumulation phase below the $0.1899 low and starting a vertical bullish run, the asset is trading at $0.2380 on the 1H timeframe, testing the recent 24h high located at $0.2381.
📊 Technical Analysis & Key Levels (1H Chart):
• Moving Averages: Price remains in a vertical slope above the EMA 7 ($0.2286), with the EMA 25 ($0.2182) and EMA 99 ($0.2053) far separated at the base of the chart.
• Immediate Resistance: $0.2381 (24h High). A confirmed candlestick close above this level would enable an extension of price discovery toward the $0.2406 zone.
• Support to Defend: $0.2286 (EMA 7). If there is a pullback due to profit-taking, the intermediate area lies at $0.2193 before the EMA 25 ($0.2182).
• Indicators:
MACD: Maintains an active bullish cross above zero with the green histogram expanding (DIF: 0.0069 / DEA: 0.0053 / MACD: 0.0015), supporting the buying strength of the move.
KDJ: Elevated in extreme overbought levels (K: 85.61 / D: 82.40 / J: 92.02), indicating the possibility of high-volatility wicks or a brief pause before defining the next leg.
💡 Strategy & Risk:
• Breakout (Long): A 1H candlestick close with the body above $0.2381 would provide continuity to the impulsive momentum.
• Retest (Safe Long): Due to the distance above the main moving averages, waiting for a technical pullback toward EMA 7 ($0.2280 – $0.2290) would offer a more prudent risk/reward ratio.
👇 What do you think about the move in SOON $SOON ? Will it break the $0.238 resistance to continue the rally, or will it pull back to test the EMA 7? Comment below! 💬
#SOON #SOONUSDT #Futures #BinanceSquare #TechnicalAnalysis
SOON $SOON will record a substantial increase in liquidity in the derivatives market with 7.38M USDT in volume (33.37M SOON). After breaking out of the accumulation phase below the $0.1899 low and starting a vertical bullish run, the asset is trading at $0.2380 on the 1H timeframe, testing the recent 24h high located at $0.2381.
📊 Technical Analysis & Key Levels (1H Chart):
• Moving Averages: Price remains in a vertical slope above the EMA 7 ($0.2286), with the EMA 25 ($0.2182) and EMA 99 ($0.2053) far separated at the base of the chart.
• Immediate Resistance: $0.2381 (24h High). A confirmed candlestick close above this level would enable an extension of price discovery toward the $0.2406 zone.
• Support to Defend: $0.2286 (EMA 7). If there is a pullback due to profit-taking, the intermediate area lies at $0.2193 before the EMA 25 ($0.2182).
• Indicators:
MACD: Maintains an active bullish cross above zero with the green histogram expanding (DIF: 0.0069 / DEA: 0.0053 / MACD: 0.0015), supporting the buying strength of the move.
KDJ: Elevated in extreme overbought levels (K: 85.61 / D: 82.40 / J: 92.02), indicating the possibility of high-volatility wicks or a brief pause before defining the next leg.
💡 Strategy & Risk:
• Breakout (Long): A 1H candlestick close with the body above $0.2381 would provide continuity to the impulsive momentum.
• Retest (Safe Long): Due to the distance above the main moving averages, waiting for a technical pullback toward EMA 7 ($0.2280 – $0.2290) would offer a more prudent risk/reward ratio.
👇 What do you think about the move in SOON $SOON ? Will it break the $0.238 resistance to continue the rally, or will it pull back to test the EMA 7? Comment below! 💬
#SOON #SOONUSDT #Futures #BinanceSquare #TechnicalAnalysis
