$SOON Long Liquidation – Bulls Shaken

I'm tracking a $4,979.2K long liquidation at $0.42689 on $SOON. This wipeout has rattled bullish positions and pushed price toward a crucial support zone.

Market Read:

Longs taken out near $0.427 after failure to hold breakout

If buyers can defend $0.425, a recovery push may follow

If $0.425 breaks, deeper drop toward $0.415 likely

Key Technicals

Current Price: $0.42689

24h Change: Bearish dip on liquidation event

Support Levels: $0.425 / $0.420 / $0.415

Resistance Levels: $0.430 – $0.435 – $0.440

Market Sentiment: Neutral-to-bearish, with bounce-watch potential

Tip 1: Don’t buy blindly into falling knives — wait for retest confirmation

Tip 2: Scalpers can play quick bounce off $0.425 if defended

Tip 3: SL discipline is key — keep it tight below support

Trade Setup Idea:

Entry Zone: $0.425 – $0.427 after price hold confirmation

Targets:

$0.430

$0.435

$0.440

Stop-Loss: $0.422

Risk Note: Liquidation-driven dips can turn into either dead-cat bounces or trend reversals — watch volume closely.

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