SOS

#sonic Trade plan and Analysis

**Analysis & Trading Plan for SONIC/USDT**
Based on the provided data from 15m and 4h charts (2025 timeframe), here is the structured plan:

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### **Entry Range**
- **Optimal Entry:** **$0.2760–$0.2820**
- Price is hovering near the 24h high ($0.2879) with overbought RSI (6-period: 77–88), suggesting a potential pullback.
- Target the middle Bollinger Band ($0.2592–$0.2762) or MA(7) ($0.2724–$0.2790) for a safer entry during retracement.
- Alternatively, enter on a confirmed breakout above **$0.2879** (24h high) with high volume.

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### **Stop Loss**
- **Exact Stop Loss:** **$0.2680** (below the nearest support: Bollinger Middle Band and MA(7)).
- This level aligns with the lower Bollinger Band ($0.2362–$0.2697) and 24h low ($0.2560–$0.2564), providing a buffer against volatility.

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### **Leverage**
- **Suitable Leverage:** **3x–5x**
- Conservative leverage due to high volatility and overbought conditions. Ensures manageable risk if the price reverses sharply.

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### **Take Profit Targets**
1. **TP1: $0.2900** (immediate resistance above 24h high).
2. **TP2: $0.3000** (psychological resistance level).
3. **TP3: $0.3150** (Fibonacci extension or trend continuation target).

**Note:** Trail stop loss to breakeven once TP1 is hit, and adjust dynamically based on RSI/MACD momentum.

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### **Key Indicators Supporting the Plan**
- **RSI:** Overbought on shorter timeframes (6-period RSI >75), signaling caution.
- **MACD:** Positive but weakening momentum (declining histogram in some charts).
- **Bollinger Bands:** Price near upper band, suggesting resistance at $0.2879.
- **Volume:** High trading activity supports trend continuation if breakout occurs.

**Risk Management:** Limit position size to 1–2% of capital per trade. Adjust leverage based on risk tolerance.

Solana Nears $200 Support Level

As negative pressure mounts, Solana's price approaches $209. Recent market factors favor bears, threatening SOL's upward momentum. Bulls must move quickly to stop more losses and reclaim market dominance at $209.

Solana Edges Toward $209 Support

Recent market moves show that Solana is under considerable negative pressure around $209 support. Even if the cryptocurrency is above the 100-day Simple Moving Average (SMA), a positive indication, it is falling. Negative sentiment has overridden the SMA's support, suggesting SOL's price structure is vulnerable.

The 100-day SMA usually protects upward momentum, but rising selling pressure signals bears are challenging it. If Solana falls below $209, the SMA's bullish impact may be invalidated, allowing additional losses. A comeback at this level might underline the SMA's significance in maintaining the bullish view, paving the scene for a recovery.

This RSI decrease matches Solana's recent slide approaching the $209 support level, indicating a bearish effect. Maintaining its position below 50% signals bulls may be losing control, thus they must recover control quickly to avoid more losses. If the RSI keeps falling, it might worsen the outlook and cause a price drop.

Possible Rebound or Decline?

Solana's price at $209 either a strong recovery or a protracted drop. The price may recover from this level, indicating strength and tenacity and pushing Solana into higher resistance levels like $240 and $260, reigniting its uptrend.

Failure to hold above $209 might increase selling pressure and drive the price down to $194 as bears take control. If Solana breaks below this level, additional declines are likely, with the 100-day SMA as the next support.

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