$SONIC /USDT
š [Trap to Pump? ā Candlestick Behavior Analysis]
Coin Price: 0.2190 USDT
Timeframe: 15-Minute Chart
Sentiment: Bullish Trap Formation
š Key Observation:
A second-last candle formed a classic doji with a long lower wickāoften signaling market indecision paired with strong buyer absorption at lower levels.
š” Interpretation:
Sellers initially pushed price downward (lower wick formation)
Buyers aggressively absorbed the move, forcing a recovery into a doji close
This behavior can often precede a bullish reversal, acting as a bear trap
š Setup Outlook:
If the next candle closes bullish with increasing volume, it may confirm breakout momentum and push the coin higher.
šÆ Trade Hint:
Watch for confirmation candle above resistance with supporting volume. Entry can be planned above 0.2195 with TP/SL adjusted based on breakout strength