$SOPH /USDT: Smart Pullback or Smart Trap?📈✅

$SOPH is down sharply, cooling off from a high of $0.05754. Volume remains elevated at 248M SOPH, suggesting interest is intact. This dip might be a healthy retest in a new Layer 1 narrative.

Entry

Buy zone: $0.0505 – $0.0520

This zone aligns with demand from the last breakout and matches the 4H EMA cluster.

Targets

🎯 Target 1: $0.0558 – minor resistance before the recent top

🎯 Target 2: $0.0585 – breakout zone above the 24h high

🎯 Target 3: $0.0640 – full extension if momentum returns with market support

Stop Loss

Below $0.0485 – breaks local support and structure on mid-timeframes

Key Levels

Support: $0.0503, $0.0485

Resistance: $0.0558, $0.0585

Pivot: $0.0532 — flip this level with volume to fuel a reclaim trend

Pro Tip

This is a volatile new L1 — pair your SOPH play with BTC and ETH movement. Use small position sizing and scale out profits at each target. Consider rotating to stronger L1s (like SUI or LINK) if SOPH loses $0.050 support.

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