$SOPH USDT BEARISH BREAKDOWN – THE SLIDE CONTINUES 🚨
$SOPHUSDT remains trapped in a strong downtrend with no signs of reversal yet. The price has broken below multiple supports, creating lower lows consistently on the 1H chart.
🔑 Key Levels:
Resistance: $0.03100 – $0.03200 (recent breakdown zone)
Support: $0.03000 (psychological level & immediate support)
Current Price: $0.03035
📉 Trade Setup:
Short Entry: $0.03050 – $0.03100
Targets (TP):
TP1: $0.03000
TP2: $0.02950
TP3: $0.02880
Stop Loss: $0.03130
📊 Market Outlook:
Bearish momentum remains dominant with continued selling pressure. Unless bulls manage a strong reclaim above $0.03150, further downside is likely as sellers target sub-$0.030 levels.
⚠️ Risk Management:
Only trade with pre-defined SL. Risk max 1-2% of your capital to avoid significant portfolio drawdown in this volatile market.
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$SOPH