$SOPH – The Pressure is Building. Shorts Just Got Squeezed.
A massive $1.5046K short liquidation just flashed at $0.06364, signaling something big is brewing beneath the surface. When this much pressure gets released, it often leads to explosive price action. Here's what the chart is whispering for the next move.
Technical Analysis:
Current Price Range: Watching closely around the $0.063–$0.066 zone. This is where the real battle between bulls and bears is unfolding.
Buy Zone:
$0.06000 – $0.06350
This is the golden entry region, where previous accumulation and now short liquidation pressure align. Ideal for high-risk-reward entries with limited downside.
Targets:
First Target: $0.07250 – A breakout above resistance and a retest of March levels.
Second Target: $0.08100 – If volume supports the move, momentum can carry SOPH toward this psychological barrier.
Final Target: $0.09500 – High-risk high-reward zone. Strong extension possible if sentiment shifts bullish across small caps.
Stop Loss:
$0.05790
Below this level, momentum could flip bearish again. Protect your capital if price collapses below this invalidation level.
Market Sentiment Insight:
Shorts got caught off guard, and that’s a strong sign of a potential trend reversal or continuation to the upside. Combine this with growing volume and you’ve got the makings of a breakout setup.
This isn’t just a spike. It’s a spark. And sparks ignite rallies.
#SOPH #MarketPullback
SOPHUSDT
0.062246
+16.65%
