$SOPH /USDT short tread signal 🚦 🛑
BEARISH REVERSAL FROM LOCAL TOP – SHORT SIGNAL IN PLAY!
$SOPH has just printed a sharp rejection from the $0.05465 high after a steady uptrend, forming a potential local top on the 30-minute chart. With lower highs now forming and a drop toward $0.05220 already in motion, momentum appears to be shifting in favor of sellers.
Trade Setup (SHORT):
Entry Price: $0.05270 – $0.05320
Target 1: $0.05120
Target 2: $0.04960
Stop Loss: $0.05475
Why Short?
The rejection wick at $0.05465 signals exhaustion from buyers. With volume slowing down and red candles printing successively near resistance, the chart suggests a short-term correction is underway. A break below $0.05200 would confirm the shift toward bearish pressure.
Market Outlook:
As bulls take profit after a sharp rise, sellers are gaining control. If SOPH fails to reclaim $0.05360 quickly, more downside is likely in the near term.
Risk Management Tip:
Use strict SL near recent highs. Once Target 1 hits, trail your stop to breakeven and lock in profits as price nears lower support zones.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
Buy and Trade here on $SOPH
buy and trade here on $SOPH
