$S

BULLISH SIGNAL! 🔥

Long Setup:

Entry Zone: $0.2480 - $0.2500

Stop Loss: $0.2400

Targets:

TP1: $0.2550

TP2: $0.2600

Market Context:

Overall Trend: The chart indicates that SONICUSDT is currently in a bullish trend, with recent price action showing higher lows and a potential continuation of the upward movement.

Moving Average Indicators:

The price is above the MA 7 and MA 25, indicating strong bullish momentum.

Support Level:

A support level is evident around $0.2480, which could serve as a good entry point for a long position.

Trading Volume:

The trading volume is moderate, with a volume SMA of 633.97K, indicating decent market activity.

Conclusion:

This analysis suggests that SONICUSDT is in a bullish phase, and traders may consider opening a long position in the specified zone. Clear targets and effective risk management through the stop loss are essential. Monitoring support and resistance levels will be crucial for making informed trading decisions.

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