$SONY has delivered a strong opening-range breakout on its futures market debut, surging from 19.54 to 19.98 before encountering initial resistance. Despite the rejection at the highs, price continues to hold near the upper end of the launch range, signaling that buyers remain active.
Setup:
• Entry: 19.70 - 19.80
• Target 1: 19.98
• Target 2: 20.30
• Target 3: 20.80
• Stop-Loss: 19.50
Analysis:
SONY is showing a classic new-listing price discovery pattern after its initial breakout from 19.54. The quick push into 19.98 attracted early profit-taking, but the lack of a deeper sell-off suggests strong demand is still present. Buyers are attempting to build support around the 19.70–19.80 zone, which could serve as a launchpad for another move higher. If SONY reclaims and closes above 19.98, fresh momentum could drive a new expansion leg. However, losing 19.50 would weaken the bullish structure and increase the odds of a deeper retracement. 🔥📈
Trade #Sony here
SONYUSDT
Perp
19.64
-1.50%