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Technical analysis by Apollo_21mil about Symbol S: Buy recommendation (2/23/2025)

https://sahmeto.com/message/3267418
Apollo_21mil
Apollo_21mil
Rank: 40
3.7

Sonic's S (previously FTM) to 1.4

Buy
Price at Publish Time:
$0.83831
Profit Target:
(+67.00%)$1.4
Stop Loss Price:
(-14.11%)$0.72
Buy،Technical،Apollo_21mil

I have been in FTM for a very long time but have slowly covered more stocks than crypto over time. As I take profit out of alts into stocks this only makes sense. One position I have kept is FTM which is now converted to S. With the flight from Solana, people are looking for this cycle's layer 1, sonic could be it. Sonic is fast, has growing TVL, and has a brilliant founder.The Chart:Rising momentum leading into the cup formation. I find cups more likely if they are scooping lows instead of highs. Volatility just fired red, so we need a bit of a cool off here.My target is 1.4$ for March

Source Message: TradingView
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