$SOON +30.5% after a massive breakout — momentum remains bullish, but the pullback zone now matters
My bias is bullish on the 1h while price holds above the recent breakout structure and the Supertrend at 0.4203.
SOON pushed from the 0.45 area to a 24h high of 0.5634 before cooling to 0.5113, showing strong momentum but also short-term profit taking.
MACD remains positive with DIF 0.0352 above DEA 0.0290, while RSI at 67.3 confirms strong momentum without yet being deeply overbought.
SAR at 0.4360 and Supertrend at 0.4203 are still well below price, keeping the broader 1h structure bullish.
I would avoid chasing the +30% move. A clean hold/reclaim around 0.50–0.51 could open the way toward 0.5350, 0.5634 and potentially 0.5774.
A loss of the 0.4548 area would weaken the immediate bullish structure and could trigger a deeper retracement toward lower support.
Momentum is strong, but confirmation after the pullback is safer than chasing the spike.
#SOON #Binance #CryptoTrading #Altcoins #TradingSetup $SOON
My bias is bullish on the 1h while price holds above the recent breakout structure and the Supertrend at 0.4203.
SOON pushed from the 0.45 area to a 24h high of 0.5634 before cooling to 0.5113, showing strong momentum but also short-term profit taking.
MACD remains positive with DIF 0.0352 above DEA 0.0290, while RSI at 67.3 confirms strong momentum without yet being deeply overbought.
SAR at 0.4360 and Supertrend at 0.4203 are still well below price, keeping the broader 1h structure bullish.
I would avoid chasing the +30% move. A clean hold/reclaim around 0.50–0.51 could open the way toward 0.5350, 0.5634 and potentially 0.5774.
A loss of the 0.4548 area would weaken the immediate bullish structure and could trigger a deeper retracement toward lower support.
Momentum is strong, but confirmation after the pullback is safer than chasing the spike.
#SOON #Binance #CryptoTrading #Altcoins #TradingSetup $SOON