Sonic (SUSDT) is currently trading below the Point of Control (POC), a key level that aligns with the 0.618 Fibonacci retracement, creating a strong zone of technical confluence. Price action is attempting a bullish retest of weekly support, but the reaction so far has been relatively weak.
Although we’ve seen a local bounce, it has occurred on low volume, which raises concerns about the strength and sustainability of this move. In market structure, volume is a key confirmation tool—without it, bullish attempts often lack conviction and are prone to failure.
This current setup suggests that while buyers are attempting to defend the level, there is insufficient participation to drive a meaningful breakout above the POC. If volume does not increase in the short term, the probability shifts toward a rejection from this region.
A failure to reclaim the POC and hold above the 0.618 Fibonacci level would likely result in continued range-bound behaviour, with price rotating back toward lower support zones within the broader structure.
Traders should closely monitor volume expansion at this level, as lack of demand may trigger further downside, continuing the overall rotational nature of Sonic’s current trading range.
Although we’ve seen a local bounce, it has occurred on low volume, which raises concerns about the strength and sustainability of this move. In market structure, volume is a key confirmation tool—without it, bullish attempts often lack conviction and are prone to failure.
This current setup suggests that while buyers are attempting to defend the level, there is insufficient participation to drive a meaningful breakout above the POC. If volume does not increase in the short term, the probability shifts toward a rejection from this region.
A failure to reclaim the POC and hold above the 0.618 Fibonacci level would likely result in continued range-bound behaviour, with price rotating back toward lower support zones within the broader structure.
Traders should closely monitor volume expansion at this level, as lack of demand may trigger further downside, continuing the overall rotational nature of Sonic’s current trading range.
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Trade with perks & support the community!
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— Team The Alchemist ⚔️
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。