Sell trading signal on pair $SOPH /USDT 🚦🛑

Downward collapse - support breached, and increasing downward pressure!

The pair $SOPH has broken the support level at $0.05850, with strong selling pressure, and is currently trading near $0.05637. The price is forming lower highs and lower lows, and the sharp rejection from $0.06426 indicates a failed bullish attempt. Momentum is leaning down as the asset approaches its daily lows.

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Trading settings (Sell):

Entry price: $0.05680 - $0.05840

Target 1: $0.05400

Target 2: $0.05120

Stop loss: $0.05950

Market outlook:

If the price $SOPH cannot quickly reclaim the $0.05850 level, it is likely that bears will push the price towards deeper support levels. The high trading volume on the red candles confirms seller activity - a bounce may occur, but the trend still leans towards a decline.

Risk management advice:

Do not short-sell during a free fall - wait for a slight pullback to the broken support level for a better entry. Always protect your capital by setting a tight stop-loss level.

Don't miss this vertical breakout - a smart entry now could lead to sudden exits!

This is your chance - ride the downward wave before it fades away!

Buy and trade here on #SOPH