$SOPH /USDT BEARISH BREAKDOWN — MOMENTUM FADING AFTER MASSIVE SPIKE
$SOPH rallied sharply to a high of $0.08800 but failed to sustain the pump, now retracing to $0.06126. The recent hourly structure shows consistent lower highs with weakening volume, signaling exhaustion. The rejection from the top wick and failure to maintain above $0.07000 support suggests a potential downward continuation.
Trade Setup (Short):
Entry Zone: $0.0600 – $0.0630
Take Profit: $0.0535 / $0.0480 / $0.0420
Stop Loss: $0.0685
Market Outlook:
If fails to reclaim $0.0650 on the next bounce, bears are likely to push it lower toward the mid $0.05 region. Traders should avoid chasing volatility and instead look for confirmation at each retest. Breakdown below $0.0580 will strengthen bearish grip.
Risk Management: Stick to low exposure—SOPH is volatile. Set SLs strictly and avoid leverage beyond 5x on this move.
Follow community – be early, be profitable! Tap in before the market leaves you behind because every trend rewards the bold. Don’t let this bearish wave pass you by — enter smart, ride the drop!
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