$SOPH /USDT BEARISH BREAKDOWN – SELLING PRESSURE BUILDING BELOW $0.056!
$SOPH has dropped nearly 9% in the past 24 hours, breaking down from the $0.058 support and currently trading near $0.05524. With consistent lower highs and increasing volume on red candles, the market structure signals weakness. A retest toward $0.05650–$0.05700 could invite sellers again, especially if it fails to reclaim previous support.
Trade Setup (SHORT):
Entry: $0.05600 – $0.05700
Target 1: $0.05400
Target 2: $0.05150
Stop Loss: $0.05830
Market Outlook:
As long as SOPH stays below $0.058 resistance, the momentum favors downside. Buyers appear hesitant, and a breakdown below $0.053 could accelerate the fall toward deeper support zones.
Risk Management Tip:
Keep your SL tight — don’t average in blindly. Wait for rejection candles or failed bounce attempts to confirm entries.
Don’t let this breakdown slide past you — weak bounces are selling chances!
Ride the momentum before it fades — profits favor the fearless!
