$SONIC is currently sitting on a strong support zone, compressing under descending resistance + Daily SMA50.
This is a classic setup where price is building pressure for a decisive move ⚡
🟢 Bias: NEUTRAL → BULLISH (only on confirmation)
👉 Break above SMA50 + resistance = bullish continuation
👉 Breakdown from support = bearish continuation
🟢 Trade Setup (Breakout Play)
Entry Point (EP):
👉 $0.0385 – $0.0400 (after breakout + retest confirmation)
Take Profits (TP):
🎯 $0.04651
🎯 $0.05424
🎯 $0.06049
🎯 $0.06673
🎯 $0.07563
Stop Loss (SL):
⛔ $0.0360
Key Note:
This is a compression zone avoid early entries. Let the breakout confirm strength before entering.