$SONIC Market Structure
15M short-term bullish after explosive spike
Price holding above EMA 50 with consolidation forming
MACD positive but histogram contracting signaling slowdown
RSI around neutral indicating overbought conditions have reset
Structure suggests potential continuation if higher low forms above 0.04820
Holding above 0.04820 maintains bullish breakout structure
Loss of 0.04780 weakens 4H continuation bias
High and Bottom
Local High: 0.05506
Impulse Base: 0.04560
Support and Resistance
Immediate Resistance: 0.05500
Secondary Resistance: 0.05800
Extension Resistance: 0.06200
Immediate Support: 0.05030
Secondary Support: 0.04950
Major Support: 0.04820
Invalidation Level: 0.04780
Breakout Entry
Condition: 15M or 1H close above 0.05510
Entry Zone: 0.05510+
Take Profit
TP1: 0.05800
TP2: 0.06200
Stop Loss: 0.05280
Pullback Entry
Condition: Bullish reaction at 0.04950 – 0.05030
Entry Zone: 0.04950 – 0.05030
Take Profit
TP1: 0.05500
TP2: 0.05800
TP3: 0.06200
Stop Loss: 0.04780
