$SOPH BREAKOUT OR PULLBACK?
SOPH is currently trading at $0.05478, showing early signs of recovery after a sharp pullback from intraday highs. The market is at a tipping point, and the next few candles will reveal whether bulls regain control or sellers deepen the retracement.
Key Levels to Watch:
Resistance Zones:
$0.05800 – Initial resistance formed during the recent drop
$0.06050 – Breakout zone that failed to hold $0.06330 – Daily high; needs strong momentum to reclaim
Support Zones:
$0.05400 – Current base forming around this mark $0.05020 – Previous breakout level and strong demand area
Trade Setup – Prepare for High Volatility:
Bullish Scenario:
A confirmed break above $0.05800 with strong volume could trigger a renewed upward move.
Targets:
TP1: $0.06050
TP2: $0.06330
Bearish Scenario:
If SOPH breaks below $0.05400, downside pressure may increase.
Targets:
TP1: $0.05200
TP2: $0.05020
Use tight stop-loss orders:
• For long trades: SL below $0.05400
• For short trades: SL above $0.05800