$SOON /USDT: Testing Critical Support! 📉🧱
SOON / USDT - SHORT (Scalp Focus)
Trade Plan:
Entry Range: $0.1292 – $0.1305
Stop Loss (SL): $0.1335 (Above the recent peak)
TP1: $0.1280
TP2: $0.1260
TP3: $0.1240
Why this setup?
Bearish Structure: SOON is showing significant short-term weakness on the 15M chart. After hitting a local high of $0.1326, the price has faced a sharp rejection and is now struggling to maintain its footing.
Moving Average Breakdown: The price has decisively slipped below the MA(7) ($0.1306) and MA(25) ($0.1307). It is currently sitting right on the MA(99) ($0.1295). A clean candle close below this "Purple Line" would confirm a bearish trend shift.
Lower Highs: The chart exhibits a clear pattern of lower highs since the $0.1326 rejection, indicating that sellers are aggressively capping any bounce attempts.
Volume Spike on Red Candles: We are seeing an increase in red volume bars as the price drops, suggesting that momentum is favoring the bears for a retest of the $0.1282 local low.
Debate: SOON is currently fighting to hold the MA 99 support. Do you think this is a "Bear Trap" before a weekend recovery, or is the $0.1260 level the next inevitable target? Share your technical reasoning below! 👇
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