$SOPH Just Triggered a Massive Shakeout!
A huge short liquidation of $2,728.1 just got wiped out at $0.06656 – and the price reacted fast. What’s happening behind the scenes? Let’s break it down.
Analysis:
This kind of liquidation shows us that short sellers were heavily stacked at this level — and they just got burned. This often signals a potential reversal point, especially when the market aggressively hunts liquidity. With short positions liquidated, the path may be clearer for an upside rally — and $SOPH could be ready to move.
Technical Outlook
Buy Zone: $0.06350 – $0.06650
(This is the key accumulation area. Price entering this zone again could attract aggressive buyers.)
Target 1: $0.07350
Target 2: $0.08120
Target 3 (Extended): $0.09100
Stop Loss: $0.06120
(Below this, structure breaks and downside risk increases.)
Conclusion:
The liquidation at $0.06656 could be the spark that sets off the next leg up. Keep an eye on volume, watch for higher lows, and be ready — if bulls step in here, the rally could be sharp and unforgiving. $SOPH might just be preparing for a stealthy breakout.
