SONICUST trade ideas
Major Levels – Is Sonic Ready to Pump?After reaching the daily resistance level ($0.7818), price faced strong rejection. The anchored VWAP, acting as dynamic resistance just below the daily level, provided additional confluence for a low-risk short opportunity.
Additionally, a key high at $0.7891 further reinforced this resistance zone. Following the rejection, price sharply declined -13%, retracing back into the previous trading range.
Support Confluence
Price is now approaching a well-defined support zone:
Bullish Order Block: $0.6816
Key Level Near Order Block: $0.6803
Golden Pocket (Fib 0.618 - 0.65): 0.618 at $0.6793 & 0.65 at $0.6739
Monthly Open: $0.6732
Point of Control (POC): $0.6732 (aligning with Monthly Open)
Daily 21 EMA/SMA: 21 EMA at $0.6835 & 21 SMA at $0.6790
Fib Speed Fan 0.7 (from $0.615 to $0.7818): Providing additional support in this zone
Long Trade Setup
Entry Zone: $0.6816 – $0.6732
Stop Loss: Below the Monthly Open ($0.6732)
Take Profit Zone: $0.7111 – $0.7201
Risk-to-Reward (R:R): 3:1 R:R setup, offering a high-probability trade
Take Profit Targets & Resistance Zones
Previous Swing Low: $0.7111 (untested)
Value Area Low (VAL): $0.7152
Anchored VWAP (from $0.615 low): $0.7137
Fib Retracement 0.382 (from $0.7818 high to current low): $0.7201
SUSDT BULISHThe market has been in a bad situation following the Bybit stolen coins incident. However, I can see that SUSDT may turn bullish now.
Please pay close attention to the danger zone and stop loss.
Note: My ideas are not intended for any type of scalping or scalpers!
You can find the full list of my ideas here: www.tradingview.com
Here are some of my ideas:
$SUSDT | Limit Long #4H📌 Current Situation:
A deviation of the key level occurred, followed by a strong recovery and consolidation on the 1H timeframe.
The price rebounded from a critical zone, showing a local reversal.
🎯 Trading Plan:
🔹 Entry Zone: Limit orders in the range of 0.6828 - 0.6670 (1H OB cluster).
🔹 Stop-Loss: Placed below 0.6524, as marked on the chart.
🔹 Target: Potential upside towards 0.88 - 0.90 as part of a mid-term recovery.
📈 Justification:
✅ Technical Support: The price bounced off a strong demand zone.
✅ Market Structure: Possible formation of an Inverse Head and Shoulders pattern.
✅ Risk/Reward: Favorable R/R ratio, with strong support below current levels.
💡 Conclusion:
The trade setup is justified in terms of risk management and market structure. However, it's crucial to consider BTC's overall trend, as it impacts the entire altcoin market.
Sonic (prev. FTM) - A new era for this Coin!
Who remember this coin coin? A Layer 1 which has made the history and the first part of the crypto ERA..
Sonic is now the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 10,000 TPS and sub-second finality.
WOW , what a rebrand and upgrades!
We can also see from a chart point of view that the price, after forming a head&shoulders pattern, now is breaking up the 0.64$ level leaving no room for doubts.
The upgrade is make people to inflow money to the project, and volumes is sustaining the price's growth.
As we speak the price is leading towards 0.83$ price where we have our first potential possible target, the we see our second target around 1.4$ if volumes and the structure will remain strong!
good trading
SONIC $S $0.50 long updateBuyers need to show up fast, or Sonic is sliding straight into the next liquidity zone. While the bands are tightening and price is hovering below them, momentum is fading. Stoch and Stoch RSI suggest a short-term bounce is possible, but RSI dipping below 50 signals weakening strength.
Bulls either step in here, or this breaks down further and I'm eager to add more. Sonic NYSE:S will be good to our wallets :)
Sonic's S (previously FTM) to 1.4I have been in FTM for a very long time but have slowly covered more stocks than crypto over time. As I take profit out of alts into stocks this only makes sense. One position I have kept is FTM which is now converted to S. With the flight from Solana, people are looking for this cycle's layer 1, sonic could be it. Sonic is fast, has growing TVL, and has a brilliant founder.
The Chart:
Rising momentum leading into the cup formation. I find cups more likely if they are scooping lows instead of highs. Volatility just fired red, so we need a bit of a cool off here.
My target is 1.4$ for March
Fantom FTM => Sonic S price analysis💱 At the beginning of January 2025, the rather old #Fantom project #FTM rebranded to #Sonic #S
‼️ The previous history of #FTMUSDT trading disappeared from the charts, but we have recreated it for you on this OKX:SUSDT chart
Unlike most altos, the price is held and rounded up.
🆗 We have schematically depicted the levels for trading and the possible price movement of the #S on the chart.
In the long term, we can see growth to $8-8.50
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SONIC IS GOING TO EXPLODE !#S or the former #FANTOM is making a perfect pattern in low and also high time frames !
here in lower time frames the market hit a supply zone which forced the price to go down a little but the main demand zone is untouched and this can be a sign of more correction to the demand zone !
check out the long term analysis on this coin too !
Long S/USDT (h4-d1). x3-4 probably.Long Sonic on H4-D1.
Entry : current level or limit order @ 0.48
TP : 1.5 and 2
Exit : confirmation on D1 below 0.38 (2nd test on Feb,8 of local lows)
FA:
Sonic - EVM L1-chain with high performance (10k TPS with subsec finality)
Previously it was Fantom but recently rebranded.
CTO - Andre Cronje.
Trades on all major CEX.
Top-21 among Chains (Defillama) by TVL - $393mln
1/ Strategic angel investors: Michael (Curve), Stani (Aave), Robert (Compound), Tarun (Gauntlet), and Sam (FRAX), as well as our venture partners Hashed, Signum Capital, and UOB Venture Management (source: soniclabs).
2/ FDV = MCap!!!
3/ Massive airdrop on June around $100mln (current TVL - $393mln, so it's 25% profit on you locked capital if the price remains the same)
4/ 90%-revenue sharing with dApps built on Sonic
TA:
1/ EMA21 and 55 cross on H4
2/ strong bounce on high volume above PoC and MA-cross
3/ capitulation on Feb,3 (weak hands shakeout)
Can repeat that SUI did.