A $1.99K LONG liquidation just hit $SONIC at $0.04449, flushing leveraged long positions and resetting short-term market structure. Liquidations around support zones often act as a liquidity sweep, clearing weak hands before the next directional move.

With leverage removed, $SONIC is now trading at a key reaction level. If buyers step in and defend this area with volume support, $SONIC could attempt a recovery bounce. Failure to hold may open the door for deeper downside continuation.

Trade Setup

EP: 0.0430 – 0.0450

TP1: 0.0485

TP2: 0.0535

TP3: 0.0610

SL: 0.0405

Post-liquidation moves can be sharp — let price action confirm direction.

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