$SOPH Knockin’ on Resistance: Breakout or Rejection?
SOPH is trading at $0.03675, showing steady bullish momentum and testing local resistance. Buy pressure is strong with 68% dominance, but confirmation is needed before jumping in.
Key Levels to Watch:
• Resistance Zone: $0.03690 – $0.03730
• Support Zone: $0.03630 – A fall below this zone may indicate weakness.
Trade Setup – Momentum Looks Healthy but Needs Breakout
Bullish Entry:
If price breaks above $0.03730 with volume, expect targets at:
• TP1: $0.03770
• TP2: $0.03820
Bearish Entry:
If rejected and it drops below $0.03630, possible targets:
• TP1: $0.03590
• TP2: $0.03550
Order Book Bias: 68.75% buy-side suggests strong accumulation, but resistance remains sticky. Let the candle close above $0.0373 before considering entry.