$SOPH SHORT TRADE SETUP – Targeting $0.060
After a massive spike from $0.030 to a high of $0.088, SOPH is now pulling back sharply and trading at $0.06973 (+132.43%). The move shows signs of exhaustion, and a correction is likely if momentum continues to fade.
Trade Setup (Short):
Entry Zone: $0.06900 – $0.07000
TP1: $0.06350
Final Target (TP2): $0.06000
Stop-Loss: Above $0.07850 (last rejection zone)
Technical Insight:
SOPH has already pulled back over 20% from the peak, and bearish candles are forming on lower timeframes. With high volume and no fresh buying pressure, the setup favors a short down to the $0.060 level—previous breakout zone.
Trade here on $SOPH