SOPH/USDT Signal – 8H Chart Update

📍 Price: $0.05651 (▼ -15.78%)

📅 Timeframe: 8H

📊 Signal Type: Watchlist / Wait for Confirmation

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🔍 Technical Analysis:

• 🔻 Downtrend Resumed: Price failed to hold above $0.06538.

• 🟡 MA(7): Currently above price at $0.06188 — acting as resistance.

• 📉 RSI(6): 40.21 — Weak momentum, trending down.

• 📉 KDJ Indicator: J line falling below D and K — bearish signal.

• 🚫 MACD: Not displayed clearly but appears neutral to weak.

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⚠️ Summary:

This is not a good entry point right now. The token is losing bullish momentum after a pump and is testing lower support zones.

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📌 Trade Idea:

🔍 Wait for Retest of $0.052–$0.054

📈 Buy Zone: If it bounces with volume and RSI reversal

🛑 Stop Loss: Below $0.050

🎯 Targets (on bounce):

• Target 1: $0.061

• Target 2: $0.067 $sop

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📉 Avoid chasing the dip blindly. Watch price action and wait for confirmation before entering.$