$SOPH BREAKOUT OR PULLBACK?
$SOPH is currently trading at $0.05305, stabilizing after a steep drop and testing key resistance zones. Bulls are attempting to reclaim control, but momentum remains cautious.
Key Levels to Watch
• Resistance:
$0.05410 – Initial hurdle; a breakout here could extend to $0.05540 and $0.05660.
• Support:
$0.05250 – Critical level to hold. Breakdown below this could drag price toward $0.05120 and $0.05000.
Trade Setup – Get Ready for a Sharp Move!
• Bullish Entry: A confirmed breakout above $0.05410 may trigger targets at:
TP1: $0.05540
TP2: $0.05660
• Bearish Entry: A breakdown below $0.05250 could open downside moves toward:
TP1: $0.05120
TP2: $0.05000
Stop-Loss:
Use tight stops based on entry bias — below $0.05240 for longs and above $0.05430 for shorts.