$SOPH AT A CRUCIAL LEVEL – BREAKOUT OR FAKEOUT AHEAD?
$SOPH is currently trading at $0.06668, showing a slight recovery after a sharp drop. The price just bounced off the $0.06640 zone with moderate volume, but it’s still facing multiple resistance levels on the way up.
Key Levels to Watch
• Immediate Resistance Zones:
• $0.06820 (first rejection zone)
• $0.06920 (intermediate resistance)
• $0.07010 (key breakout trigger)
• Support Zone:
• $0.06600 – If lost, bears could push further down toward $0.06450.
Trade Setup – Prepare for Strong Moves
Bullish Scenario:
A confirmed breakout above $0.07010 with strong volume could trigger upside momentum toward:
• TP1: $0.07200
• TP2: $0.07450
Bearish Scenario:
If $0.06600 fails to hold, watch for a drop toward:
• TP1: $0.06450
• TP2: $0.06200
Stop-Loss Guidance:
• For long positions: Below $0.06580
• For shorts: Above $0.07050