$SOON JUST EXPLODED — IS THIS THE START OF A REAL REVERSAL?
$SOON just printed a clean +12% candle on the 1H chart with a massive volume surge, breaking above the Bollinger Band upper boundary at 0.1394. Here's my read:
Technical Breakdown:
BB Upper Break → Bulls in control
Volume spike (MA5 >> MA10) → Fresh money flowing in
Still -61% over 90D → Macro downtrend not fully reversed
Overextended on 1H → Short-term pullback likely before continuation
Targets: $0.1500 → $0.1650
Support: $0.1304 (Boll Mid Band)
Invalidation: Below $0.1214
Best play: Wait for a pullback to 0.1350–0.1380, confirm bullish candle close, then enter. Don't chase the wick.
⚡ Verdict: CAUTIOUS BULLISH — Great momentum, but patience wins here.
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#Breakout DYOR