Sonic is still falling ... let the PA build a structure S / USDTMEXC:SUSDTMike-BTDSonic remains in a clear downtrend with consistent lower highs and lower lows. Price is compressing near local support after another rejection from the mid range supply zone. Momentum is still weak and rallies continue to get sold into. We are sitting right on a key demand area. If this level fails, there is room for a deeper flush into the lower liquidity pocket before any meaningful bounce. That scenario would complete a broader corrective structure and potentially set up a stronger recovery. On the bullish side, holding this support and reclaiming the mid range resistance would shift short term structure. A push back into the upper supply zone would confirm strength and open the door for a larger reversal move. For now, bears have control until structure flips. Watching for either a breakdown with continuation or a reclaim with strong volume for a trend shift.