$S /USDT — Sonic Bearish Scalping Setup Alert 🚨📊
Confidence: High ⚡✅ Probability of hitting targets: ~81%
BUY&TRADE HERE $S
Trade Plan (Short Bias):
· Entry Zone: $0.3100–$0.3120 (retest of broken VWAP resistance)
· TP1: $0.3000
· TP2: $0.2997
· TP3: $0.2884
Final · TP $0.2751 to $0.2530
· SL: $0.3200 (above resistance confluence)
Current Price: $0.3071 (Binance Live)
Support: $0.2997 (critical support) → $0.2640 (June 2025 low)
Resistance: $0.3123 (24h high) → $0.3540 (Fibonacci 23.6% retrace)
---
📊 Key Technical & Fundamental Context:
1. Tokenomics: Max supply 3.22B S; circulating supply 2.88B S (89% unlocked) .
2. Volume Profile: $75.66M 24h volume confirms distribution near resistance .
3. Technical Indicators: 50-day SMA ($0.3274) and 200-day SMA ($0.4433) act as strong resistances .
4. Market Sentiment: 50% "Sell" signals per technical ratings; RSI(14) neutral but lacking bullish divergence .
Short Reasoning: S exhibits a bearish technical structure amid mixed market signals, trading at $0.3071** (Live Data) with a **-0.02% intraday decline** and **$75.66M 24h volume signaling distribution . Key factors driving the bearish outlook:
· Technical Breakdown: Price rejected at **$0.3123** (24h high) and trades below key EMAs (50-day SMA: $0.3274, 200-day SMA: $0.4433), with RSI(14) at 46.76 (neutral-bearish) and moving averages (11/12 signaling "SELL") confirming downtrend .
· Token Unlock Risks: Fully diluted valuation (FDV) implications amid circulating supply of 2.88B S (89% of max supply) pose dilution risks if demand weakens .
· Market Sentiment: Social sentiment is bearish (50% "Sell" indicators) with Fear & Greed Index at 55 (Greed) failing to offset technical weakness .
