📢 $SONIC / USDT | 🔴 SHORT | ⭐ 73%
🎯 Target: $0.01997304. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.02033
🛑 Stop Loss: $0.020528
🏁 TP1: $0.019973
🏁 TP2: $0.019775
🏁 TP3: $0.019537
📈 Analysis:
The market structure shows a clear downtrend, confirmed by the formation of lower highs and lower lows on the 4-hour timeframes. A recent bearish breakout is accompanied by an increase in trading volume, suggesting greater selling pressure on the asset. The structural weakness is supported by the liquidity imbalance, indicating that sellers remain in control of the current move.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
#crypto #SONIC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.
🎯 Target: $0.01997304. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.02033
🛑 Stop Loss: $0.020528
🏁 TP1: $0.019973
🏁 TP2: $0.019775
🏁 TP3: $0.019537
📈 Analysis:
The market structure shows a clear downtrend, confirmed by the formation of lower highs and lower lows on the 4-hour timeframes. A recent bearish breakout is accompanied by an increase in trading volume, suggesting greater selling pressure on the asset. The structural weakness is supported by the liquidity imbalance, indicating that sellers remain in control of the current move.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
#crypto #SONIC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.