$SOPH
$SOPH/USDT - Short-Term Trade Setup (15-Min Chart)
1. Market Context:
SOPH is showing short-term weakness after a failed breakout at $0.05465.
Price is currently stabilizing near local support (~$0.0507).
Volume is decreasing slightly, indicating a possible accumulation zone.
Trade Idea:
🟢 Long Position (If support holds and a bounce is confirmed):
Entry: $0.0512 – $0.0515 (on bullish confirmation like a green candle with volume)
Stop Loss: Below $0.0505 (to protect against breakdown)
Target 1: $0.0530 (near previous resistance)
Target 2: $0.0545 (retest of recent high)
🔴 Short Position (If price fails to hold $0.0505):
Entry: Below $0.0504 (on strong red candle and volume increase)
Stop Loss: $0.0518
Target 1: $0.0490
Target 2: $0.0480 (24h low area)
