$SOPH

🧠 Clear Technical Analysis (1 Hour and 4 Hour Frame)

🔻 Current Situation:

Price: 0.05136

Trend: Down since breaking 0.0600

RSI: At 23 on the hourly frame → Strong selling pressure

MACD: Selling momentum is slowing down, but still negative

📍 Important Support and Resistance Areas

Area Type What Does It Mean?

0.0500 Critical Support If it holds → Strong rebound potential

0.0530 First Resistance First target for any corrective rise

0.0550 Strong Resistance Breaking it means the beginning of a potential upward trend

0.0580 Current Final Resistance Breaking it opens the way to 0.0630

🔮 Potential Upward Scenario

If the price rebounds from 0.0500 – 0.0505, we expect the following:

Target Percentage from Current Price Status

0.0530 +3.2% Easily reachable

0.0550 +7.1% If strong buying liquidity enters

0.0580 +13% If it breaks 0.055 steadily

0.0630 +23% In case of a real upward trend return within 2–3 days

🚫 When does the hope of rising end?

> If the price breaks 0.0500 with a closing of one hour candle or more, we expect a direct drop to:

0.0485

Then 0.0450

📌 What to do now?

Situation Proposed Action

✅ Want to buy Buy near 0.0505 with a stop at 0.0494

❌ Break 0.0500 Do not enter a buy, wait for a retest

✅ Want to sell (Short) Enter after breaking 0.0500 targeting 0.048

✅ Clear Summary:

The market is very oversold, and this gives a very close rebound opportunity.

If the price rebounds from 0.0500–0.0510 in the coming hours, we may see a rise to 0.053 → 0.055 during the same day.

Watch for a reversal candle + buying volume, and if it appears, it is a signal to enter.