$SOON USDT – BEARS TAKE CONTROL AFTER PARABOLIC RISE
After a sharp rally to the $0.61242 peak, $SOONUSDT has faced heavy selling pressure, erasing a significant portion of recent gains. Price is now hovering near the key $0.348 zone, breaking below intraday supports and signaling a possible deeper correction if selling continues.
Trade Setup – Short Position
Entry Zone: $0.350 – $0.355
Take Profit 1: $0.300
Take Profit 2: $0.246
Stop Loss: $0.385
Market Outlook:
Momentum has flipped bearish on the 4H chart, with large red candles confirming strong supply zones above. If $0.345 breaks with volume, sellers could target sub-$0.25 levels in the short term. Watch for rejection on any bounce.