$SOPH /USDT SHORT TRADE SIGNAL – LOWER HIGHS FORMING, SELL PRESSURE DOMINATES THE TREND!
$SOPH is down over -11% today, currently trading at $0.05550 after repeatedly failing to reclaim resistance near $0.05800. The 30M and 1H charts show clear lower highs and rejection wicks, signaling consistent bearish pressure and potential breakdown continuation.
Trade Setup (SHORT):
Entry Zone: $0.05580 – $0.05650
Target 1: $0.05420
Target 2: $0.05200
Target 3: $0.04930
Stop Loss: $0.05780
Why Short?
Repeated rejection from mid-range resistance and increasing red volume suggest weakness. The market structure remains bearish with no bullish reversal signals yet. If $0.05500 fails, downside acceleration is likely.
Risk Management Tip:
Avoid over-leverage and maintain a tight SL above recent highs. Lock partial gains as price nears key support to stay ahead of any bounce attempts.
Sell smart — don’t chase green candles when the trend is turning red!
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