The trend of SOON is a bit precarious.

The technical analysis is not looking good right now—there is already a death cross on the 4-hour chart, and the moving averages are in a completely bearish state. The 15-minute short-term signals are all pointing downwards; although there are some signs of a slight rebound on the 1-hour chart, the overall pressure is still quite evident. The current price is hovering around 0.69, and to be honest, the risk of breaking below is significant.

Looking at the market sentiment again: the order book depth for buy orders is only 0.89, which is clearly weak, indicating that the willingness to buy is not strong; the funding rate is almost at zero, meaning the main players could act at any time; the long-short ratio is only 0.62, with large holders' positions clearly leaning towards the short side. These signals combined suggest that the market indeed has a bit of an unstable feeling.

If you want to seize this downward opportunity, you might consider placing short positions in the range of 0.683-0.690, aiming for a target near 0.673-0.675, which is roughly a 1.5% space. However, that said, with such large market fluctuations, position control must be strict, and set your stop-loss without hesitation. After all, in short-term trading, preserving your capital is the priority, and making a profit comes second.

The next steps for SOON still need to continually observe changes in the capital situation and market sentiment.