$SOPH – BREAKOUT OR BOUNCE BACK?
SOPH is currently trading at $0.05157, down -15.42% over the last 24 hours. After a sharp decline, the price is consolidating near short-term resistance, hinting at an imminent breakout or another pullback. Volume is holding steady at 535.78K, showing traders are watching this zone closely.
Key Levels to Watch:
• Immediate Resistance: $0.05200
– A confirmed breakout above this could lead to higher levels.
• Immediate Support: $0.05100
– A breakdown here may invalidate bullish attempts and invite sellers.
Trade Setup: Prepare for Volatility
Bullish Entry:
Watch for a strong 15m candle close above $0.05200. If confirmed, potential upside targets:
• TP1: $0.05280
• TP2: $0.05330
• TP3: $0.05440
Bearish Entry:
If SOPH fails to hold $0.05100, downside may follow:
• TP1: $0.05020 (24h low)
• TP2: $0.04900
Stop-Loss Guidance:
• For longs: Below $0.05100
• For shorts: Above $0.05200
SOPH is sitting in a tight zone between support and resistance. The next 15–30 minutes could confirm direction. Stay alert, as momentum can shift quickly.
