$S ๐ S/USDT | Is SONIC about to make a quick rebound?
Spot โ Binance
Current price: $0.05580
๐ Conditional long trade if resistance is broken
Price levels
๐ข Entry: $0.05595โ$0.05610
๐ฏ First target: $0.05670
๐ฏ Second target: $0.05740
๐ฏ Third target: $0.05800
๐ Stop-loss: $0.05530
Entry conditions: A 5-minute candle must close above $0.05600, followed by price holding above that level. Donโt enter just because the price reaches it.
Quick analysis:
The price is attempting to rebound after a daily drop of around 20%.
There is nearby resistance at $0.05596.
A break below $0.05530 weakens the bullish scenario.
Itโs best not to chase the price and to stick to the stop-loss.
โ ๏ธ These levels are estimates based on the chart and are not confirmed live prices. Given the steep decline, itโs best to risk only a very small portion of your capital.
Spot โ Binance
Current price: $0.05580
๐ Conditional long trade if resistance is broken
Price levels
๐ข Entry: $0.05595โ$0.05610
๐ฏ First target: $0.05670
๐ฏ Second target: $0.05740
๐ฏ Third target: $0.05800
๐ Stop-loss: $0.05530
Entry conditions: A 5-minute candle must close above $0.05600, followed by price holding above that level. Donโt enter just because the price reaches it.
Quick analysis:
The price is attempting to rebound after a daily drop of around 20%.
There is nearby resistance at $0.05596.
A break below $0.05530 weakens the bullish scenario.
Itโs best not to chase the price and to stick to the stop-loss.
โ ๏ธ These levels are estimates based on the chart and are not confirmed live prices. Given the steep decline, itโs best to risk only a very small portion of your capital.