Binancians, our $SOPH analysis played out just as expected! Following its Binance debut, $SOPH surged to $0.07869 before retracing to $0.05682 — a 11.22% drop today, in line with typical post-listing corrections that dip below pre-launch levels.
📉 Key Technicals:
Sharp reversal from $0.08800 on the 1-hour chart
Volume fading to 14.14M, indicating weakening momentum
Bearish MACD crossover confirms downward pressure
5-day and 24-hour trends both support the ongoing correction
💡 Strategy:
Avoid new entries for now — wait for a potential dip into the $0.03–$0.04 range
Exit remaining positions to reduce exposure during this correction
Be patient — the accumulation phase is coming, and it’ll offer better opportunities
Stay smart, stay strategic. More expert insights coming your way.
#TradingTypes101 #CryptoAnalysis #SOPH #Binance