SONIC/USDT – Breakout Setup (15m Chart)SONIC/USDT – Breakout Setup (15m Chart)
Price is testing the descending trendline resistance after forming a potential higher low. A breakout from this trendline with strong volume may signal a bullish reversal.
Entry: Around 0.5825
Stop Loss: Below 0.5650
Target: 0.6248 - 0.6663
Risk/Reward rati
SUSDT: trend in 2H time framesThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
SONIC preparing for departure. SONIC is still within range and has not broken out. Price action is at the top of the range and is technically at resistance. Longing into resistance is not the best strategy; however, a breakout could happen anytime. Consider laddering in within the range, preparing for any possible BTD opportunit
SONIC Impulse Structure Emerging Wave 2 in ProgressSONIC has confirmed the end of its prior bearish cycle after completing a complex corrective structure, culminating in a breakout from a bullish falling wedge formation. The movement marks the initiation of a fresh impulsive sequence, with Wave 1 delivering a solid leg to the upside.
We can deduct
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy