$SOPH Just Triggered a Short Liquidation – A Storm is Brewing
A sharp $7.81K short liquidation just erupted at $0.05110, signaling potential upside pressure building beneath the surface. Bears are getting squeezed, and bulls might be getting ready to charge.
Here’s a complete and organic breakdown of the potential trade setup:
Buy Zone:
$0.0490 – $0.0512
This zone sits just below the liquidation point and represents a solid accumulation range. Look for bullish confirmation here — wicks with quick recoveries or higher lows may hint at the breakout.
Target Levels:
1. Target 1: $0.0560 – Minor resistance, expect slight rejection
2. Target 2: $0.0615 – Psychological level and recent local top
3. Target 3: $0.0690 – Aggressive target if momentum builds with volume
If volume surges and more shorts pile in, a cascade of liquidations could drive $SOPH toward the $0.07 zone.
Stop Loss:
$0.0468
Placed below the key support, this level protects you from fakeouts and downside continuation. A clean break below here could indicate invalidation of the current bullish setup.
Analysis Outlook:
The short squeeze may just be the start. Volume upticks around liquidation levels usually ignite volatility. If bulls hold the buy zone and push past $0.056, momentum could snowball. This setup rewards patience, tight risk management, and quick reactions.
Keep your eyes on the chart — this could be a breakout in disguise.