š $SOPH /USDT ā Watching for a Bullish Reversal from Support!
Momentum Analysis
SOPH is holding above the 0.037 zone after a slight pullback (-1.90%). Consolidation is happening above key intraday support, with decent volume support (90.71M SOPH). If bulls hold 0.037, a breakout toward upper resistance bands is likely.
š Long Setup
Entry Zone: 0.03720 ā 0.03850
Targets:
šÆ T1: 0.04100
šÆ T2: 0.04350
šÆ T3: 0.04700
Stop Loss: 0.03620 (below recent low & demand zone)
š Breakout Confirmation Level: 0.03980 (24h high)
š”ļø Key Support: 0.03680 (local bottom from June 18ā19)
š” Pro Tip for Traders
Watch the volume at the 0.0395ā0.0400 zone. A strong candle close above this area with increasing volume confirms a shift in short-term momentum. Avoid chasing if volume is weak at resistance.