$SOON — Parabolic Run Losing Steam Beneath 0.5102. Reversal Loading 📉
Trade Plan: Short $SOON
Entry: 0.49 - 0.51
SL: 0.5658
TP: 0.4258 | 0.3454 | 0.2763
Why this Setup?
SOON is stalling beneath the 0.5102 resistance after the vertical run, while the descending trendline is pressing lower. A rejection from this supply pocket could unwind the recent impulse toward 0.4258, with deeper downside opening toward 0.3454 and 0.2763. As long as 0.5658 holds, the bearish setup remains valid.
Trade $SOON here 👇
Trade Plan: Short $SOON
Entry: 0.49 - 0.51
SL: 0.5658
TP: 0.4258 | 0.3454 | 0.2763
Why this Setup?
SOON is stalling beneath the 0.5102 resistance after the vertical run, while the descending trendline is pressing lower. A rejection from this supply pocket could unwind the recent impulse toward 0.4258, with deeper downside opening toward 0.3454 and 0.2763. As long as 0.5658 holds, the bearish setup remains valid.
Trade $SOON here 👇
