$SOPH

/USDT

$SOPH /USDT is showing weakness after facing rejection from the recent resistance zone. The market structure indicates a potential shift from bullish momentum to bearish correction as lower highs start forming. Sellers appear to be regaining control, suggesting a downside move toward key support levels.

Technical Outlook:

Market structure: Lower high formation indicates reversal pressure

Indicators: RSI dropping from overbought zone, MACD showing bearish crossover

Volume: Declining buying volume confirms reduced bullish momentum

Targets (TP):

TP1: 0.0285

TP2: 0.0270

TP3: 0.0250

Stop Loss (SL):

SL: 0.0310

Risk Management:

Use strict risk control—risk only 2–3% per trade. Move SL to breakeven after TP1 is reached to protect capital and lock in profits.

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