【$SONIC Signal】Long | Healthy Pullback After Short Squeeze Initiation

$SONIC After a +19% short squeeze rally, the price is undergoing a healthy pullback. The 4H level is testing the previous breakout level, with deep buy orders (Bids) significantly thicker than sell orders (Asks), indicating institutional support at key price levels.

🎯 Direction: Long

🎯 Entry: 0.0545 - 0.0555

🛑 Stop Loss: 0.0528 ( Breaks below the previous 4H K-line low and EMA20 support, with a rigid stop loss )

🚀 Target 1: 0.0605

🚀 Target 2: 0.0640

Hardcore Logic: This is a typical short squeeze market. Funding rate is -0.82%, indicating a deep negative value, with stable open interest (OI), and extremely high short holding costs. The price has stabilized above EMA20 (0.0476), confirming a trend reversal.

The 4H RSI has corrected from overbought to 68, indicating healthy cooling. The order book depth imbalance reaches 19.49%, with buy wall (Bids) 1.48 times thicker than sell wall (Asks), showing major players actively accumulating below 0.056 to prevent a deep decline.

The current pullback level is exactly the starting point of the previous rally (0.053-0.055), forming a support swap. ATR is 0.0043, with stop loss set beyond 1.5 times ATR to effectively filter noise. Risk-reward ratio >2.0, with a clear mathematical advantage.

Trade here 👇 $SONIC

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