$SOPH BREAKOUT OR PULLBACK? – $SOPH/USDT AT A DECISION ZONE
$SOPH is currently trading at $0.05443, showing signs of consolidation after a sharp bounce. Momentum is building, but price is now sitting just below key resistance. The next move will decide if bulls take over or sellers step in.
Key Technical Levels:
• Resistance Zone: $0.05560 – $0.05620
A breakout above this could open the path toward higher intraday targets.
• Support Zone: $0.05380 – $0.05400
A drop below this range could trigger a short-term pullback.
Trade Setup:
• Bullish Entry: Break and hold above $0.05620
• Target 1: $0.05740
• Target 2: $0.05880
• Bearish Entry: Breakdown below $0.05380
• Target 1: $0.05260
• Target 2: $0.05130
Stop-Loss: Use a tight stop depending on entry—suggested below $0.05350 for longs and above $0.05650 for shorts.