$SOPH Breakdown Brewing or Bounce Incoming?
SOPH is trading at $0.03708, currently sitting on a fragile support after a steady pullback. Bulls must step in soon, or we may see further downside.
Key Levels to Watch:
• Resistance: $0.03740 – Flipping this level could fuel a move toward $0.03780 and $0.03830.
• Support: $0.03700 – A break below may lead to a slide toward $0.03650 and $0.03596.
Trade Setup:
• Bullish Entry: Above $0.03740
TP1: $0.03780
TP2: $0.03830
SL: Below $0.03700
• Bearish Entry: Below $0.03700
TP1: $0.03650
TP2: $0.03596
SL: Above $0.03740
SOPH is hovering on thin ice. A breakdown below $0.03700 could accelerate selling, while a reclaim above $0.03740 would hint at bullish reversal. Watch closely—momentum is shifting fast.