【$SONIC Signal】Long | Short Squeeze Initiated, Deep Imbalance Support

$SONIC After a volume breakout above the EMA20 on the 4H chart, the price is consolidating at a high level. The price retraced healthily after breaking the previous high (0.04996). Currently, the depth buy orders (Bids) are significantly thicker than the sell orders (Asks), with an imbalance of -23.39%, indicating institutional support below. Key data: Funding rate -0.361%, open interest stable, RSI at 75 but no bearish divergence, combined with deep buy orders, this is a typical early-stage short squeeze, not a top.

🎯 Direction: Long

🎯 Entry: 0.0516 - 0.0518 (Previous breakout level and deep support zone)

🛑 Stop Loss: 0.0510 (Break below the recent 4H candle low and key buy zone, rigid stop loss)

🚀 Target 1: 0.0535 (Previous high resistance)

🚀 Target 2: 0.0560 (Fibonacci 0.618 extension level)

Hardcore logic: Price action (PA) shows that after the breakout, the retracement volume has shrunk (latest 4H candle), and the price has not fallen below the breakout level of 0.04996. The deep imbalance (Bid/Ask Ratio 0.62) indicates that market selling pressure is absorbed by large buy orders, a strong signal. The funding rate is negative while open interest remains high, making short positions costly. Any slight upward movement could trigger a short squeeze. ATR is 0.0029, providing a reasonable stop loss space, with a risk-reward ratio >2.5.

Trade here 👇 $SONIC

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