SOONUSDT Technical Breakdown

🔥 BULLISH CASE

- Price Action: Holding above 24h low ($0.35375) + testing Bollinger Mid ($0.38313). Break above $0.38592 (24h high) could trigger rally.

- Sentiment: Strong longs (70.3% dominance) show market optimism.

- MACD: Positive histogram (0.00288) hints at short-term upside momentum.

- RSI(6): Neutral (55.6) – room to climb before overbought.

🐻 BEARISH RISKS

- Overbought Alert: Stoch RSI at 98.24 (EXTREME overbought) → Pullback imminent.

- Selling Pressure: OBV (-600M) confirms distribution; whales dumping.

- Crowded Longs: 70.3% long positions → High risk of liquidation cascade.

- Volume: Declining MA(5) vs MA(10) → FOMO fading.

🎯 KEY LEVELS

- Liquidation Zones:

- Longs: $0.380 (critical support).

- Shorts: $0.38592 (break = squeeze to $0.40).

- Ideal Entry: Wait for dip near $0.36482 (Bollinger Lower Band).

💡 STRATEGY

> "NEUTRAL/BEARISH" until signals flip:

- LONG only if:

- Holds $0.380 + Stoch RSI <80 + OBV reversal.

- SHORT opportunity:

- Rejection at $0.38592 + Stoch RSI >90 (target $0.364).

📉 Final Call: Avoid new buys now! Price is overextended – wait for correction or bullish confirmation. Trade small or watch.