⚠️ $SOPH /USDT – Sharp Retrace to $0.05793! Reload Zone or Breakdown? 🔻🔍
📉 Momentum Analysis: SOPH has dropped -18.21%, now trading at $0.05793 after hitting a 24H high of $0.07498. Despite the correction, volume remains high with 1.14B SOPH traded and $76.97M USDT in 24h volume. A massive pullback after a parabolic run could suggest a re-accumulation phase if support holds.
📈 Long Setup (Risky Re-entry):
Entry Zone: $0.056 – $0.060
Targets:
🎯 T1: $0.064 (intraday resistance)
🎯 T2: $0.070 (mid-flag resistance)
🎯 T3: $0.075 (recent high)
Stop Loss: $0.052
✅ Breakout Confirmation Level: A strong reclaim and 4H close above $0.06421 with spiking buy-side volume could reignite upside momentum.
🛡️ Key Support: $0.05741 (24h low). Below this, $0.05206 is the next critical demand zone.
💡 Pro Tip for Traders: Don’t chase falling knives – wait for stability on shorter timeframes (e.g., bullish divergence on RSI 15m/1H). Ideal for short-term scalps or careful spot accumulation with stop management.
📊 Trading Data Snapshot:
Current Price: $0.05793
24H Change: -18.21%
24H High/Low: $0.07498 / $0.05741
24H Volume:
SOPH: 1.14B
USDT: $76.97M
Order Book Depth:
Resistance: $0.07637 / $0.07498 / $0.07028
Support: $0.06421 / $0.05792 / $0.05206 / $0.04736 / $0.04597
🕒 Last Updated: 2025-06-03 19:00 UTC
