【$SONIC Signal】Long | Short squeeze underway, deep imbalance support breakout

After a volume breakout above the 4H EMA20, the price is consolidating healthily below the previous high resistance zone. The price action indicates a strong consolidation after the breakout, rather than a top distribution.

🎯Direction: Long

🎯Entry: 0.0505 - 0.0510

🛑Stop Loss: 0.0492 $SONIC Break below the previous 4H low and EMA20 support, rigid stop loss(

🚀Target 1: 0.0545 )Previous wave high(

🚀Target 2: 0.0580 )Daily Fibonacci 0.618 retracement level(

Core logic hard resonance: 1) Short squeeze conditions met: funding rate -0.6% highly negative, open interest stable, short positions have high costs, strong short squeeze demand. 2) Technical breakout effective: price has stabilized above EMA20 (0.0445), and EMA20 is turning upward. 3) Order book depth imbalance: buy side (Bids) significantly thicker than sell side (Asks), indicating strong support below, main force protecting the price at key levels and absorbing orders. 4) Healthy volume and price: breakout accompanied by massive volume (2.6 billion), retracement with reduced volume, indicating healthy shakeout. RSI at 72.5, but in short squeeze market, not an effective overbought signal. Overall, a bullish-led breakout retest with risk-reward ratio >2.5.

Trade here 👇 )
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‍$SONIC
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