### **Observations:** - Strong wick rejection at **$3.4702** (new 24h high). - Price pulled back to **$3.4357**. - **RSI(6)** is at **70.45** → short-term overbought. - MACD looks like it's **flattening** → potential momentum loss.
🎯 Entry Zone: Around $0.406 – $0.408 (just under EMA7 and EMA30) 🛑 Stop Loss: Around $0.412 – $0.415 (Above EMA30 and the recent minor highs to avoid getting wicked out) 💰 Take Profit (TP) Targets: TP1: $0.3994 (recent support) TP2: $0.3869 (today’s low) TP3: $0.375 (next psychological support) 🧠 Risk-Reward: Around 1:1.5 to 1:2 if targeting TP2 or TP3 🛡️ LONG Position Setup
(Only if price breaks above EMA30 with strength and volume)
🎯 Entry Zone: After a confirmed breakout above $0.412 – $0.415 🛑 Stop Loss: Below $0.405 (to avoid fakeouts and keep risk small) 💰 Take Profit (TP) Targets: TP1: $0.4320 (minor resistance) TP2: $0.4634 (short liquidation level) TP3: $0.4771 (recent swing high) 🧠 This long setup is only valid on confirmation (strong bullish candle + volume above EMA30). 🛠️ Tips:
Use tight stops if trading the 15m chart — it's volatile and fast-moving. Watch the MACD cross and RSI moving above 50 as bullish confirmation. For extra confluence, check the 1H chart for broader trend direction.
I'm feeling a lot of regret today because when Sonic was at 0.31, someone suggested that I buy it, but I didn't pay much attention. Now, after seeing Sonic's price, I'm really regretting my decision. I wish I had invested just 20 dollars in Sonic at that time; I would have made a good profit by now.🙂