📈 Trade Setup: $SONIC / USDT (Perpetual)
The chart shows a massive surge in volume and price. We are looking for a continuation play after this initial spike.
Entry Price: $0.05250 - $0.05360 (Looking for a small retest of the breakout zone)
Target 1 (TP1): $0.05750 (Quick scalp)
Target 2 (TP2): $0.06200 (Mid-term resistance)
Target 3 (TP3): $0.06800 (Moon bag)
Stop Loss (SL): $0.04850 (Below the recent impulsive candle's midpoint)
🔍 Technical Observation
Momentum: The 1H candle is incredibly bullish, but the small red wick at the top suggests some profit-taking.
Volume: 149.54M SONIC traded in 24h, confirming high interest.
Risk Note: High volatility assets like this can swing fast. Use appropriate leverage and never risk more than 1-2% of your capital.
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