$SOON is at a critical decision point.
After rallying from 0.1629 to 0.1742, sellers stepped in aggressively, pushing price back toward 0.1670. The rejection from local highs suggests short-term momentum has weakened, but the structure isn't completely broken yet.
👀 Key levels to watch: • Support: 0.1663–0.1630 • Resistance: 0.1700–0.1742
A sustained hold above support could trigger another attempt toward the recent high. However, if 0.1663 fails, bears may target the 0.1630 zone.
Volume increased during the rejection, showing that profit-taking and selling pressure are currently stronger than buying momentum. Patience is key—waiting for confirmation is often better than chasing volatile candles.
As always, manage risk, use stop losses, and let the market confirm the next move before committing to a position.
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