📢 $SONIC / USDT | 🔴 SHORT | ⭐ 72%
🎯 Target: $0.01951538. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.02001
🛑 Stop Loss: $0.020285
🏁 TP1: $0.019515
🏁 TP2: $0.019241
🏁 TP3: $0.018911
📈 Analysis:
The market shows a clear bearish structure, with lower lows and confirmed support breaks on the 4-hour timeframes. Trading volume has increased significantly, 46% above average, supporting the current selling pressure. With a consolidated downtrend across multiple timeframes, the price is looking to continue its move after breaking key levels.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price forcefully moves through a support or resistance level, indicating a possible continuation of the trend.
#crypto #SONIC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.01951538. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.02001
🛑 Stop Loss: $0.020285
🏁 TP1: $0.019515
🏁 TP2: $0.019241
🏁 TP3: $0.018911
📈 Analysis:
The market shows a clear bearish structure, with lower lows and confirmed support breaks on the 4-hour timeframes. Trading volume has increased significantly, 46% above average, supporting the current selling pressure. With a consolidated downtrend across multiple timeframes, the price is looking to continue its move after breaking key levels.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price forcefully moves through a support or resistance level, indicating a possible continuation of the trend.
#crypto #SONIC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
