$SOPH /USDT: Strong bullish momentum - targeting new all-time highs in the short term!

The pair $SOPH is currently trading at $0.05301, achieving a daily gain of 7.05% after bouncing off the support area at $0.04736. Its price shows a strong recovery with increasing trading volume (over $297 million) and higher lows on the hourly chart. Now, as it approaches the $0.055 area, SOPH seems ready to test the next resistance levels.

Trading Setup (Buy):

Entry Zone: $0.05250 - $0.05350

Targets:

First Profit Target: $0.05680

Second Profit Target: $0.06000

Stop Loss: $0.04900

Why Buy?

After surpassing the $0.047 level, SOPH has returned to break above the short-term exponential moving average, showing a bullish continuation pattern. The rising trading volume confirms the return of buying pressure, and the price appears ready to return to its recent highs near $0.060.

Risk Management Advice:

Keep a tight stop loss level below the support level to limit downside. Take partial profits at TP1 level, and ride the trend with a trailing stop for TP2 level.

Don’t let this breakout pass you by - enter wisely, and exit wealthy!

Seize the opportunity before the momentum fades - profits favor the brave!$SOPH