SOONUSDT.P: short setup from daily support at 1.933

Nov 10

SOONUSDT.P is currently in a decline following a pump.
I wouldn’t call it a correction — it’s more likely a typical dump that usually follows sharp upward moves.
There’s a clearly confirmed support level and several hours of consolidation forming just above it.
This indicates that long positions are being exited, as each local high is lower than the previous one.
Expecting a short continuation in the near term.

Key factors for this scenario:

• Asset decoupled from the market (relative strength/weakness vs. BTC)
  
• Liquidity grab (false move against the trend)
  
• Volatility contraction on approach
  
• Immediate retest
  
• No reaction after a false break
  
• Closing near the bar's extreme
  

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Nov 12

Note

The asset remains in consolidation after an unsuccessful attempt to move upward — another signal favoring a short scenario.
Continuing to monitor the asset.

Nov 13

Note

The analysis is still valid. I continue to wait

5 days ago

Trade closed: target reached

5 days ago

Note