🚨 $S /USDT ALERT – TESTING CRITICAL SUPPORT❗❗⚠️ #SONIC /USDT is trading at $0.2754 (-12.8%), with a 24H high of $0.3172 and low at $0.2653. Volume remains high (142M S / 40.5M USDT), showing active selling pressure but also potential for a bounce... 💥💥❓

Quick Check:

- Downtrend Dominant: Series of lower highs/lows from earlier peaks → bears in control.

- Support at $0.2653: Current bounce zone; next major floor at $0.2290 if this breaks.

- Resistance to Beat: Near-term at $0.2850, then $0.3000, and the 24H high $0.3172.

📈 Setup Ideas:

1. Bearish Continuation (Breakdown):

Entry: Below $0.2653 on a clear 15m/1H close with volume.

TPs:

• TP1: $0.2500

• TP2: $0.2290

• TP3: $0.2150 (if breakdown accelerates)

SL: Just above $0.2750 (recent minor resistance).

2. Speculative Bounce (Reversal):

Entry: After a strong bullish candlestick pattern near $0.2653 (e.g., hammer/engulfing) with rising volume.

SL: Below $0.2600 to limit risk.

TPs:

• TP1: $0.2850 🎯

• TP2: $0.3000 🎯

• TP3: $0.3172 (24H high) 🚀

💡 Trade Insight:

A break below $0.2653 on good volume likely leads to deeper lows.

A clear bounce with solid volume is needed to even attempt a relief rally.

Watch candle size and volume near support: confirmation is key.

Given the strong downtrend, bounce trades carry higher risk—tight SL essential.

Buy and Trade $S