Post
$SOON
SOONUSDT is giving a strong recovery signal on the 4h frame. The current price is at 0.1665 USD, up +4.65% in the latest session, with the long green candle showing overwhelming buying power.
The price has broken some short-term MA lines (MA5, MA10) and is approaching the resistance zone of 0.1680 - 0.1704. MA120 (0.1691) plays the role of the next important resistance. Volume also increased significantly in the last green candle, confirming the increase with the participation of cash flow.
Reasonable purchase point: 0.1640 - 0.1660
Profit target:
• Target 1: 0.1720 (+3.6%)
• Goal 2: 0.1780 - 0.1800 (+7-8%)
Stop loss: 0.1590 (at the bottom of the nearest green candle)
Overall, the short-term trend is leaning towards the buying side. Investors can open a buy position with an attractive R:R ratio of 1:2. Should follow the volume and candles close above 0.1704 to confirm the continued increase.

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